I have been interested in the use of labour contracts to analyse the internal organisation of a firm including that of a labour-managed firm. I think that the confluence of labour contract models and the theory of ‘firm-specific organisational capital’ can provide a better microeconomic basis for the theory of the firm than standard neoclassical models. Recently I have become more involved in the microeconomic analysis of the Japanese economy from the viewpoint of comparative industrial organisations.
Assistant Professor of Economics, Stanford University, 1977-1984. Visiting Assistant Professor, Institute, Institution Economics Research, Kyoto University, Kyoto, Japan, 1981. Visiting Association Professor of Economics, University California Davis, 1982.
Association Professor of Economics, Ohio State University, Columbus, Ohio, United States of America, since 1984.