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The 160th meeting jointly organized with International Public Policy Seminar
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Date | 2024.5.17 Fri 13:30 - 15:00 |
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How to apply | Send an email to Ms. Kitabayashi via the address listed below. |
Contact | Ms. Kitabayashi, Institute of Social Science, The University of Tokyo |
The Osaka Workshop on Economics of Institutions and Organizations, OEIO, meets every month to exchange research ideas on institutional and organizational economics. Participants include both people specialized in theoretical research and those in empirical research. Topics of meetings might be about microeconomic theory, macroeconomic theory, or economic history..., whatever on institutional and organizational economics.
Presenter: Masaki Nakabayashi (Institute of Social Science, The University of Tokyo)
Title: "Bridges and Profits: A Historical Urban Economics of Tokugawa Japan (coauthored with Yu Mandai)"
Abstract: Existing major cities in advanced economies were built in early modern times. Revitalization of city centers thus pursues a restoration of pedestrian flows before motorization. An analysis of early modern cities should help predict the effects of such revitalization. This paper studies the return on lease of houses in the City of Osaka, Japan, in early modern times, focusing on bridges that were corners of pedestrian flows. Through our archival work and analysis of the firsthand documents of the largest landlord, Mitsui, we find that rents were associated with property types and that the closer to a bridge a property was, the higher its profit rate was. Properties exposed to a greater flow of pedestrians delivered higher profits.