This paper examines the economic role of the merchant coalition (kabu nakama) in Japan during the the eighteenth and the first half of the nineteenth century in Japan. During this period public sector enforcement of contracts was imperfect. Kabu nakama substituted for the public sector, using a multilateral punishment strategy. When the government (Bakufu) prohibited kabu nakama in 1841, the growth rate of the real money supply contracted, efficiency of price arbitrage declined, and the inflation rate increased.
内容記述
Explorations in Economic History. 掲載予定.
本文フィルはリンク先を参照のこと
雑誌名
Discussion paper series. CIRJE-F
巻
2004-CF-284
発行年
2004-06
書誌レコードID
AA11450569
フォーマット
application/pdf
日本十進分類法
330
出版者
日本経済国際共同センター
出版者別名
Center for International Research on the Japanese Economy
The Role of the Merchant Coalition in Pre-modern Japanese Economic Development : An Historical Institutional Analysis
