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In this study, we investigate the market characteristics of prefectures in which non-local regional banks of other prefectures choose to enter and their motivations for doing so, considering the Japanese government’s requirements for regional financial institutions to actively stimulate their...
In a market for ideas, an intermediary often masks buyers’ information that is not to be exposed to the public. This article shows that such obscuration plays an important role in removing excess inertia because it prevents the emergence of a bandwagon effect among buyers. This model applies to...
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