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Competition in Japan

[Symposium: Japan's Economy]

By Michael E. Porter and Mariko Sakakibara

Journal of Economic Perspectives, Winter 2004

This article examines competition in Japan and its link to postwar economic prosperity. While Japan's industrial structure and competition policy seem to indicate that competition in Japan has been less intense, the empirical evidence does not support thi...

Do Democracies Have Different Public Policies than Nondemocracies?

[Symposium: Political Economy]

By Casey B. Mulligan, Ricard Gil, and Xavier Sala-i-Martin

Journal of Economic Perspectives, Winter 2004

Estimates of democracy's effect on the public sector are obtained from comparisons of 142 countries over the years 1960-90. Based on three tenets of voting theory--that voting mutes policy preference intensity, political power is equally distributed in de...

Legislative Organization

[Symposium: Political Economy]

By Keith Krehbiel

Journal of Economic Perspectives, Winter 2004

With an emphasis on the U.S. Congress, this essay addresses political economy approaches to the study of legislative organization. Simple models provide a foundation for more sophisticated studies of one of two problems: how coalitions of intense minoriti...

How Should We Measure Consumer Confidence?

[Symposium: Consumer Confidence]

By Jeff Dominitz and Charles F. Manski

Journal of Economic Perspectives, Spring 2004

Research on consumer confidence has mainly sought to evaluate the power of available data to predict economic outcomes. In contrast, this article considers how best to measure consumer confidence. We analyze the responses to eight questions that have appe...