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Approaches to Partnership Causing Asymmetries Between Japan and The West
Oleh:
Andersson, Thomas
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
JAPAN AND THE WORLD ECONOMY vol. 8 no. 3 (1996)
,
page 243-258.
Topik:
partnerships
;
partnerships
;
asymmetries
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
JJ47.6
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
This study provides a new explanation for imbalances in trade and investment between Japan and the West, based on a model with multiple equilibria in the formation of partnerships. Given impediments to credible commitments, a westerner is faced with difficulties in adapting to the equilibrium which prevails in Japan, limiting western entry. Japanese firms in the West, on the other hand, have an incentive to adapt to the western way, accounting for unimpeded entry. The prevalence of separate equilibria is stable even with this interaction. Undoing the barrier requires that western firms are able to commit themselves to the Japanese market.
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