Commitments and Contests: A Game- theoretic Perspective on Japanese Vertical Relationships
Various arrangements in vertical relationships have evolved
in different countries to attain efficient trading relationships.
Vertical relationships in Japan can be identified to have distinctive
characteristics in several aspects compared with those in other
countries. This study is a comprehensive understanding of Japanese
vertical relationships based on the economic theory, particularly
game theory and various empirical findings. Insights on the efficiency
and governance mechanisms of the vertical relationships can be
gained by investigating various arrangements of the vertical relationships
from a game-theoretic perspective.
Research Institute for Economics and Business Administration
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