Overview

'Highly accessible to a general audience interested in Japanese political economy in comparative perspective... The book's many insights on the possibilities for structural reform in Japan and transitional economies as well as a breadth of references to recent cutting-edge works in the field of economics - concisely written to appeal to the nonspecialist reader - makes Information a must-read for academics and policymakers considering the futures of transitional economies worldwide.' -The Journal of Asian StudiesThis book uses differences in firm and market regulation and organisation to explain differences in national economic performance. These differences affect the way in which firms process information, which is crucial to performance. Applying game theory, contract theory, and information theory, Aoki describes the rules and conventions in Japan, the USA, and the transitional economies. He shows how firms can achieveDSand in the case of Japan, maintainDScompetitive advantage in international markets.

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9780198297031

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Highly accessible to a general audience interested in Japanese political economy in comparative perspective ... The book's many insights on the possibilities for structural reform in Japan and transitional economies as well as a breadth of references to recent cutting-edge works in the field of economics - concisely written to appeal to the nonspecialist reader - makes Information a must-read for academics and policymakers considering the futures of transitional economies worldwide. The Journal of Asian Studies

Author Information

Masahiko Aoki is Henri and Tomoye Takahashi Professor of Japanese Studies and Professor of Economics at Stanford University and Director-General of the Research Institute of Japan's Ministry of International Trade and Industry. His work on the theory of the firm, the Japanese economy, and comparative economic institutions has given rise to many widely read publications, including The Japanese Main Bank System (co-edited with Hugh Patrick) and The Co-operative Game Theory of the Firm.

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