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Masahiko Aoki

Masahiko Aoki

Research Category

Comparative institutional analysis

Area of Interest

Integration of the social sciences through a game theory framework

Recent Thoughts

 I have been wondering whether one could think of systems—such as culture, social norms and customs, nations, markets, and organizations—as the summary expression of the game equilibrium (i.e. shared knowledge) in various domains distinguished by such factors as what people consider profitable, cognitive structures, and possible means of behavior selection. I am interested in those theoretical structures. Furthermore, I want to consider, as conditions for the development and evolution of that equilibrium, the role of public indicators, correlations between the cognitive structures of human beings, and culture as a collective accumulation of knowledge.


  • Toward a Comparative Institutional Analysis, MIT Press, 2001.
  • "Endogenizing Institution and Institutional Change", Journal of Institutional Economics, 3 (2007), pp.1-31.

Recent/Ongoing Works

  • Corporate Governance in Japan: Institutional Change and Organizational Diversity, co-edited with G.Jackson and H.Miyajima, (Oxford University Press, 2007)
  • “Understanding an Emergent Diversity of Corporate Governance and Organizational Architecture: An Essentiality-based Approach”, Industrial and Corporate Change (2008)

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Stanford University, The Tokyo Foundation, Hitotsubashi University