Contents

Preface
　　Part 1　Theoretical Analysis

Chapter 1
Intertemporal Effects of Consumption　　　　　　　　　　　　　Hiroaki Teramoto
　1. Introduction
　2. Effects from Now to Future
　3. Effects from Past to Now
　4. Conclusion
　References

Chapter 2
On the Global Dynamic Properties of a Recursive Preference Model
　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　Tadashi Inoue
　1. Introduction
　2. Basic Framework
　3. Concluding Remarks
　References

Chapter 3
Redistribution in the Voluntary Provision of a Pure Public Good ( or Bad)
　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　Chikara Yamaguchi
　1. Introduction
　2. The Model of the Voluntary Provision of a Pure Public Good
　3. The Model of the Voluntary Control of a Pure Public Bad
　4. Conclusions
　References

Chapter 4
Agent-based Simulation of Emissions Trading :
Evaluation of Non-compliance Penalty Systems
　　　　Takafumi Okano, Takao Kusakawa, Tatsuyoshi Saijo, and Atsuyuki Suzuki
　1. Introduction
　2. Rules of Emissions Trading in Kusakawa and Saijo's Experiment and in our Simulation
　3. Learning Algorithm
　4. Penalty Systems for Non-compliance
　5. Results
　6. Concluding Remarks and Policy Implications
　References

Chapter 5
On Faithless Descriptions and Forged Bills of Lading
　　　　　　　　　　　　　　　　　　　　　　　　 Mineko Morioka and Kazunori Morioka
　1. Introduction
　2. The Nature of Bills of Lading
　3. The Ability to Reject the Acceptance of a Bill of Lading
　4. Faithless Descriptions Concerning the Shipping Date
　5. Conclusion
　References

　　Part 2　Empirical Analysis

Chapter 6
Rationale for Foreign Exchange Reserves Pooling in Asia
　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　 Chris Czerkawski
　1. Introduction
　2. Some Theoretical Considerations
　3. The Rationale for Foreign Exchange Reserve Pooling in Asia
　4. Progress in Currency Pooling in Asia
　5. Conclusions
　References

Chapter 7
Global-Flow-of-Funds Analysis in a Theoretical Model　　　　　　　 Nan Zhang
　　What Happened in China's External Flow of Funds　　
　1. A Framework for the Analysis of Global Flows of Funds
　2. The Characteristics of the Oversea Flows of Funds in China
　3. Building the Model of Global-Flow-of-Funds
　4. A Presumed Result and Econometric Analysis
　5. Conclusions
　References

Chapter 8
Relative Changes of International Competiteveness Using Input-Output Tables for Japan and U.S.,1990-2000　
                                                                                                               　　　Yoshiaki Yanagida
　　Statistical Analysis Based on the Relative Productivity in the U.S. and Japanese Industry　　
　1. Introduction
　2. Comparative Advantage Structures Based on "Aggregate Indices of Labor Productivity between the U.S. and Japan"
　3. Data on the Basis of Analysis of "Input-Output Tables for Japan and U.S."
　4. Price Changes of Industry Sections by Relative Changes of Labor Productivity
　5. Conclusion
　References

Chapter 9
Benefits Estimation of the SO2 Emissions in Japan, South Korea and
each Region of China　　　　　　　　　　                                 　 Tsutomu Tokimasa and Zhaohui Luo
　1. Introduction
　2. Estimation of Abatement Cost in Regions
　3. The Interregional Transfer Coefficient
　4. The Analysis of the Benefit Maximization Model of Emissions Trading
　5. Benefit-Cost Analysis under Permissions Trading
　6. Conclusion
　References

Chapter 10
Long-term Recovery Process from Kobe Earthquake :
An Economic Evaluation　　　　　　　　　　　　　　　　　　　 Toshihisa Toyoda
　1. Introduction
　2. Conceptual Issues of Economic Losses
　3. Direct Economic Losses
　4. Indirect Economic Losses
　5. Conclusions
　References