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FACULTY

MORITA, Hodaka

Professor
Research Division of Theories in Economics and Statistics

Specialization:
Industrial Organization, Organizational economics, Labor Economics,
International Trade

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Previous research

Hodaka Morita completed his PhD in economics at Cornell in 2000 under the supervision of Michael Waldman, after 7 years of work experience at a steel manufacturing firm and a governmental research institute in Japan. Hodaka's current research interests include partial equity ownership, intrinsic motivation and nonprofit organizations, asset specificity and firm-specific human capital, internal promotion and external recruitment, behavioral approach to the theory of the firm, formal contracts and holdup problem, aftermarket services and technology spillovers in international trade, horizontal mergers in vertical structures, product architecture and intra-firm coordination, and structures of legal profession.

Current research projects

Hodaka is currently developing a theoretical model that captures the link between specificity of a firm's asset and capability of the firm's top management, two important sources of profitability. It contributes to strands of economics and management literature by proposing a logic through which firm-specificity and heterogeneity are determined endogenously through labor market competition. This project is a step towards his research program that explores links between product market and labor market competition.

Hodaka is currently undertaking a series of experimental projects that investigate behavioural-economic hypotheses regarding investment in outside option, job assignment and fairness concern, promotion and identity, and face-saving in principal-agent relationships. These projects consist parts of his research program that proposes new perspectives on the theory of the firm and internal labor markets through behavioural/experimental approach.

◎Keywords
partial equity ownership, vertical relationships, aftermarket, internal labor market, human capital theory, boundary of the firm