Optimal Design of Evaluation Schemes in Dynamic Environments

• Project/Area Number: 15K03352
• Research Category: Grant-in-Aid for Scientific Research (C)
• Allocation Type: Multi-year Fund
• Section: 一般
• Research Field: Economic theory
• Research Institution: Osaka University
• Principal Investigator: Ishida Junichiro 大阪大学, 社会経済研究所, 教授 (40324222)
• Project Period (FY): 2015-04-01 – 2018-03-31
• Project Status: Completed (Fiscal Year 2017)
• Budget Amount: ¥2,470,000 (Direct Cost: ¥1,900,000、Indirect Cost: ¥570,000); Fiscal Year 2017: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000); Fiscal Year 2016: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000); Fiscal Year 2015: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
• Keywords: バンディット問題 / 戦略的試行 / 情報の非対称性 / コミットメント / 非対称情報 / モラルハザード / アドバースセレクション / 最適停止問題 / パンディット問題

Outline of Final Research Achievements

This project explored the optimal evaluation scheme in an environment plagued by various sorts of uncertainty. We in particular conducted three projects building on the framework of multi-armed bandit problems. (1) We characterized equilibrium dynamics and derived the value of commitment when the principal must evaluates the agent's innate productivity which is revealed only gradually over time. (2) We considered an environment where the principal is privately informed about the project quality, and analyzed how the presence of private information affects the agent's effort dynamics and the overall efficiency. (3) We considered an environment where the agent can choose either a safe project or a risky project and derived the optimal subsidy scheme to encourage the agent to take the riskier but potentially more profitable approach.

Research Products

• [Int'l Joint Research] Nottingham University(United Kingdom)
• [Int'l Joint Research] University of Hong Kong(Hong Kong)
• [Journal Article] Dynamic Performance Evaluation with Deadlines: The Role of Commitment (2018)
  • Author(s): Chia-Hui Chen, Junichiro Ishida
  • Journal Title: Journal of Industrial Economics Volume: 印刷中
  • NAID: 40022347068
  • Peer Reviewed
• [Journal Article] Cheap Talk When the Receiver Has Uncertain Information Sources (2018)
  • Author(s): Junichiro Ishida, Takashi Shimizu
  • Journal Title: Economic Theory Volume: 印刷中
  • NAID: 120006733115
  • Peer Reviewed
• [Journal Article] Cheap Talk with an Informed Receiver (2016)
  • Author(s): Junichiro Ishida and Takashi Shimizu
  • Journal Title: Economic Theory Bulletin Volume: 4 Issue: 1 Pages: 61-72
  • DOI: 10.1007/s40505-015-0076-6
  • Peer Reviewed / Acknowledgement Compliant
• [Journal Article] 報酬格差と企業パフォーマンス (2016)
  • Author(s): 石田潤一郎
  • Journal Title: 日本労働研究雑誌 Volume: No.670 Pages: 4-15
• [Journal Article] Careerist Experts and Political Incorrectness (2015)
  • Author(s): Chia-Hui Chen and Junichiro Ishida
  • Journal Title: Journal of Economic Behavior and Organization Volume: 120 Pages: 1-18
  • DOI: 10.1016/j.jebo.2015.09.023
  • NAID: 40022346071
  • Peer Reviewed / Acknowledgement Compliant
• [Journal Article] 自己認知とインセンティブ設計：行動経済学の視点から (2015)
  • Author(s): 石田潤一郎
  • Journal Title: 産業・組織心理学研究 Volume: 28(2) Pages: 89-101
  • NAID: 130007687803
• [Presentation] Rewarding Mediocrity? Optimal Regulation of R&D Markets with Reputation Concerns (2016)
  • Author(s): Junichiro Ishida
  • Organizer: OEIO Summer Conference
  • Place of Presentation: 東京大学（東京都文京区）
  • Year and Date: 2016-08-09
• [Presentation] Hierarchical Experimentatoin (2015)
  • Author(s): Junichiro Ishida
  • Organizer: Chulalongkorn-Osaka Joint Workshop
  • Place of Presentation: Chulalongkorn University, Thai
  • Year and Date: 2015-12-01
• [Presentation] Hierarchical Experimentatoin (2015)
  • Author(s): 石田潤一郎
  • Organizer: OEIO Summer Conference
  • Place of Presentation: 東京大学
  • Year and Date: 2015-08-12
• [Presentation] Hierarchical Experimentatoin (2015)
  • Author(s): 石田潤一郎
  • Organizer: ミクロ経済学ワークショップ
  • Place of Presentation: 慶応義塾大学
  • Year and Date: 2015-06-30
• [Remarks] 研究室ホームページ
  • URL: https://sites.google.com/site/junichiroishida/
• [Remarks] 大阪大学研究者総覧
  • URL: http://www.dma.jim.osaka-u.ac.jp/view?l=ja&u=4888