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The Evolution of Market Structure:Life Insurance in Prewar Japan
Full text linkapplication/pdfThe evolution of market structure plays a central role in the study of industrial dynamics. The present paper contributes to the field with a case study of Japan’s life insurance industry. It specifically focuses on the prewar period including the early years of the establishment of the industry. It exploits a comprehensive set of company data covering all life insurers. The analysis discerns five distinct stages in the development of the industry. They are characterized by different competitive conditions and firm growth patterns. The firm size distributions are as in other industries highly skewed, but they do not fully fit the shape predicted by stochastic growth processes. The emergence of five dominant companies of similar size in the 1930s can also not be explained by simple stochastic firm growth models. Cross-sectional and longitudinal growth patterns partially confirm Gibrat’s Law, which assumes that firm growth is not systematically influenced by firm size. Some of the findings can be related to the importance of trust in life insurance business. Competitive outcomes seem also to be influenced by the co-existence of two organizational forms. The findings should be corroborated by further research.departmental bulletin pape
Exploration of Showrooming Customer Guilt in India and Japan
Full text linkapplication/pdfPurchase decisions are sometimes influenced by emotions. However, sometimes there are post-purchase emotions too, that influence the overall customer experience. In certain cases, there are positive post-purchase emotions such as happiness, joy, satisfaction, etc., while sometimes there are negative emotions such as anxiety, guilt, etc. The objective of this research is to understand whether there is an emotion of guilt when a customer collects the information, experiences a product or a service at a physical brick-and-mortar retail store, and then makes the purchase online. Both online and offline channels have their own respective strengths and weaknesses. From the customer’s point of view, both channels are important as they offer their own respective values to the customers. It is important that both channels are sustainable, either as independent retailing channels or offline-merge-online retailing. This research contributes to understanding the customer emotions related to showrooming and its impact on the overall customer experience.departmental bulletin pape
Differentiable structures and groups of diffeomorphisms
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Dynamic Scaling of Size Distributions of CaCO3 Clusters Growing on the Surface of CaCa(OH)2 Aqueous Solution
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Shape factor for floc monitoring by settling rate
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Exploration of Risk Factors Causing Sequelae of SARS-CoV-2 Infections(COVID-19) Systematic Review/ Meta-Analysis
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Analysis of economic damage when freight trains are suspended due to damage to third-sector railways of the parallel conventional line
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Improvement of Accuracy of Fisheye Vertical Stereo Camera
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Evaluation of the Mechanical Properties of Carbon Fiber/Resin Composite Materials using AFM-Nano Indentation
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