| Budget Amount *help |
¥4,680,000 (Direct Cost: ¥3,600,000、Indirect Cost: ¥1,080,000)
Fiscal Year 2015: ¥1,560,000 (Direct Cost: ¥1,200,000、Indirect Cost: ¥360,000)
Fiscal Year 2014: ¥1,560,000 (Direct Cost: ¥1,200,000、Indirect Cost: ¥360,000)
Fiscal Year 2013: ¥1,560,000 (Direct Cost: ¥1,200,000、Indirect Cost: ¥360,000)
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| Outline of Final Research Achievements |
According to the advanced economic theory, the futures trade of rice would improve the welfare of consumers, producers and rice business. It does not always guarantee the Pareto Improvement, however it is evident that the futures trade reduces the transaction costs inclding the risk control expences. One most important issue to be explored is what effects the government regulation on rice price would have on the pricing function of futures market. As the prices of many products supporting economic life are determined in the futures markets, Japanese Rice Futures Market should prepare for the global comptition.
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