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This paper presents a micro-level historical and theoretical analysis of Genoa's economic and political history during the twelfth and thirteenth century by examining the factors influencing the extent to which its political system was self-enforcing and their change over time. It combines narrative and theoretical analysis to resolve questions that can not(More)
This paper discusses the three approaches within economic history that utilizes micro-economic theory to examine institutions, their nature, change, and efficiency: the Neo-classical Economics approach, the New Institutional Economic History approach, and Historical Institutional Analysis approach. The focus is on methodology and general results rather than(More)
This paper examines how relationship capital drives competition among underwriting banks in the corporate bond underwriting market. The recent deregulation and subsequent re-entry by commercial banks into this market in the U.S. raises policy interest in measuring competitive e ect of the deregulation. The theories of relationship and reputation imply that(More)
This paper presents a micro-level historical and theoretical analysis of Genoa's economic and political history during the twelfth and thirteenth century by examining the factors influencing the extent to which its political system was self-enforcing and their change over time. It combines narrative and theoretical analysis to resolve questions that can not(More)
This paper empirically examines how bank-firm relationships affect post-deregulation competition among underwriters in the U.S. corporate bond underwriting market. I find that there is a trade-off between relationships and price in the demand equation and that this trade-off is sharply higher for junk bond issuers and first-time issuers. This finding is(More)
Drawing insights from the literature on credit and labor markets and from the author’s own survey work on contractual practices among manufacturers and traders in Africa, this paper investigates the spontaneous emergence of markets in the presence of heterogeneous agents. Using a dynamic game setting, we derive precise conditions under which relational(More)
  • M Aoki
  • Hawaii medical journal
  • 1995
Bioethics tends to lack both breadth and depth; a theological perspective can provide the necessary lack. The essential role of a theologian has always been to direct attention to dimensions of human situations that may have escaped our notice, to account for the interpretive frameworks people bring to their experiences of health, medicine, suffering, and(More)
The Fourteenth World Congress of the International Economic Association took place in Marrakech between August 29 and September 2 2005. The main themes of the Congress were “New Trends in Economics” and “Understanding the Great Changes in the World”. These two volumes published by Palgrave present to the reader the presidential address by János Kornai, most(More)