Preface. Section I: World Trade and Competition. 1. A Coming Erosion of Advanced Nations' Well-Being from World Trade? P.A. Samuelson. 2. Free Trade vs. Strategic Trade; G.M. Grossman, G. Maggi. 3. Transport Costs and Patterns of International Trade; H. Hori. 4. Consequentialism and Procedural Evaluations in Social Welfare Judgements; K. Suzumura. 5. On the Efficiency and Stability of Networks; K. Kawamata. 6. Expanding the Purchase of a Foreign Intermediate Good; J. Ishikawa. Section II: Innovation and Growth. 7. Estimation of Biased Technical Progress; R. Sato, et al. 8. Imitation and Innovation in Complex Markets; J. Bessen, E. Maskin. 9. Hypotheses on Routinization of Innovation; W.J. Baumol. 10. Technology and Profit under Global Monopolistic Competition; T. Neghishi. 11. New Derivation of Conservation Laws; F. Mimura, et al. 13. Productivity Gap and Economic Growth under Increasing Returns; K. Mino. 13. Environmental Externalities and Growth; T. Ihori. Section III: Financial Markets and Globalization. 14. What Happened to Asia? P. Krugman. 15. International Factors in the Recessions of the Early Nineties; D.K. Backus, J. Gali. 17. Empirical Analyses of Exchange Rate Arrangements; M. Kawai, S. Akiyama. 18. The Structure of Risks and the Portfolio of Pension Funds; S. Ishida. 19. Emerging Markets in History: The United States, Japan, and Argentina; R. Sylla. Section IV: Regulation, Distribution and the Role of the Government. 20. Competition in Distribution Channels; K.G. Nishimura, Y. Nakayama. 21. The Deregulation of the Telephone Industry; L.J. White. 22. Exchange Rates, Retail Prices, and Market Structure; F. Goto, et al. 23. Population Aging and Dependency Burden; H. Sagaza. 24. Nation States and Multinational Business in the Global Reach; N. Suzuki, T. Kaizoji.
