Analyzing Trading Mechanisms : Theory, Experiments, and History

• Project/Area Number: 18330035
• Research Category: Grant-in-Aid for Scientific Research (B)
• Allocation Type: Single-year Grants
• Section: 一般
• Research Field: Economic theory
• Research Institution: The University of Tokyo
• Principal Investigator: MATSUSHIMA Hitoshi The University of Tokyo, 大学院・経済学研究科, 教授 (00209545)
• Co-Investigator(Kenkyū-buntansha): KAMIYA Kazuya 東京大学, 大学院・経済学研究科, 教授 (50201439) ; OKAZAKI Tetsuji 東京大学, 大学院・経済学研究科, 教授 (90183029)
• Project Period (FY): 2006 – 2008
• Project Status: Completed (Fiscal Year 2008)
• Budget Amount: ¥18,340,000 (Direct Cost: ¥15,400,000、Indirect Cost: ¥2,940,000); Fiscal Year 2008: ¥5,850,000 (Direct Cost: ¥4,500,000、Indirect Cost: ¥1,350,000); Fiscal Year 2007: ¥6,890,000 (Direct Cost: ¥5,300,000、Indirect Cost: ¥1,590,000); Fiscal Year 2006: ¥5,600,000 (Direct Cost: ¥5,600,000)
• Keywords: ゲーム理論 / 実験経済学 / 数理経済学 / メカニズムデザイン / 経済史 / マーケットマイクロストラクチャー / 経済理論 / マーケット・マイクロストラクチャー / 繰り返しゲーム / ホールドアップ問題 / マーケットマイクロストラクチヤー

Research Abstract

取引市場を分権的意思決定のメカニズムとしてとらえることによって、市場の微細構造を解明した。従来は「神の見えざる手」と比喩されるように、市場の微細構造についてはあいまいにされてきた。しかし、歴史、理論、そして実験経済学研究において、研究者が共通の問題意識をもつようになってきた。よって、研究分担者に歴史研究者と数理経済学者をくわえ、相互に交流させ、実験経済学研究をスタートさせることで、取引メカニズムの微細構造の分析を進展させた。

Research Products

• [Journal Article] Behavioral Aspects of Implementation Theory (2008)
  • Author(s): Matsushima, Hitoshi
  • Journal Title: Economics Letters 100 Pages: 161-165
• [Journal Article] Detail-Free Mechanism Design in Twice Iterative Dominance : Large Economies (2008)
  • Author(s): Matsushima, Hitoshi
  • Journal Title: Journal of Economic Theory 141 Pages: 134-151
• [Journal Article] Role of Honesty in Full Implementation (2008)
  • Author(s): Matsushima, Hitoshi
  • Journal Title: Journal of Economic Theory 139 Pages: 353-359
• [Journal Article] Behavioral Aspects of Implementation Theory (2008)
  • Author(s): Hitoshi Matsushima
  • Journal Title: Economics Letters 100 Pages: 161-164
  • Peer Reviewed
• [Journal Article] Detail-Free Mechanism Design in Twice Iterative Dominance: Large Economics (2008)
  • Author(s): Hitoshi Matsushima
  • Journal Title: Journal of Economic Theory 141 Pages: 134-151
  • Peer Reviewed
• [Journal Article] Role of Honesty in Full Implementation (2008)
  • Author(s): Hitoshi Matsushima
  • Journal Title: Journal of Economic Theory 139 Pages: 353-359
  • Peer Reviewed
• [Journal Article] Role of Honesty in Full Implementation (2008)
  • Author(s): Hitoshi Matsushima
  • Journal Title: Joumal of Economic Theory 139 Pages: 353-359
  • Peer Reviewed
• [Journal Article] Detail-Free Mechanism Design in Twice Iterative Dominance:Large Economies (2008)
  • Author(s): Hitoshi Matsushima
  • Journal Title: Joumal of Economic Theory (掲載決定)
  • Peer Reviewed
• [Journal Article] Behavioral Aspects of Implementation Theory (2008)
  • Author(s): Hitoshi Matsushima
  • Journal Title: Economics Letters (掲載決定)
  • Peer Reviewed
• [Journal Article] Effects of Reputation in Bubbles and Crashes (2008)
  • Author(s): Hitoshi Matsushima
  • Journal Title: Discussion Paper University of Tokyo CIRJE F-560
• [Journal Article] Mechanism Design with Side Payments : Individual Rationality and Iterative Dominance (2007)
  • Author(s): Matsushima, Hitoshi
  • Journal Title: Journal of Economic Theory 113 Pages: 1-30
• [Journal Article] On the Role of Tax-Subsidy Scheme in Money Search Models (2007)
  • Author(s): Kamiya, Kazuya and Takashi Shimizu
  • Journal Title: International Economic Review 48 Pages: 575-606
• [Journal Article] Existence of Equilibria in Matching Models of Money : A New Technique (2007)
  • Author(s): Kamiya, Kazuya and Takashi Shimizu
  • Journal Title: Economic Theory 32 Pages: 447-460
• [Journal Article] Micro-aspects of monetary policy : Lender of Last Resort and selection of banks in Prewar Japan (2007)
  • Author(s): Tetsuji Okazaki
  • Journal Title: Explorations in Economic History 44 Pages: 657-679
• [Journal Article] Effects of a Bank Consolidation Promotion (2007)
  • Author(s): Tetsuji Okazaki and Michiru Sawada
  • Journal Title: Policy : Evaluating the 1927 Bank Law in Japan Financial History Review 14 Pages: 29-61
• [Journal Article] Michiru Sawada and Ke Wang Fall of 'Organ Bank' Relationship over Bank Failure and Consolidation (2007)
  • Author(s): Tetsuji Okazaki
  • Journal Title: Wave : Experience in Prewar Japan Corporate Ownership and Control 4 Pages: 20-29
• [Journal Article] Existence of Equilibria in Matching Models of Money:A New Technique (2007)
  • Author(s): Kazuya Kamiya and Takashi Shimizu
  • Journal Title: Economic Thcory 32 Pages: 447-460
  • Peer Reviewed
• [Journal Article] On the Role of Tax-Subsidy Scheme in Money Search Models (2007)
  • Author(s): Kazuya Kamiya and Takashi Shimizu
  • Journal Title: International Economic Review 48 Pages: 575-606
  • Peer Reviewed
• [Journal Article] Micrro-aspects of monetary policy:Lender of Last resort and selection of banks in Prewar Japan (2007)
  • Author(s): Tetsuji Okazaki
  • Journal Title: Explorations in Economic History 44 Pages: 657-679
  • Peer Reviewed
• [Journal Article] Effects of a Bank Consolidation Promotion Policy:Evaluating the 1927 Bank Law in Japan (2007)
  • Author(s): Tetsuji Okazaki and Michim Sawada
  • Journal Title: Financial History Review 14 Pages: 29-61
  • Peer Reviewed
• [Journal Article] Fall of 'Organ Bank'Relationship over Bank Failure and Consolidation Wave:Expedence in Prewar Japan (2007)
  • Author(s): Tetsuji Okazaki, Michiru Sawada and Kewang
  • Journal Title: Corporate Ownership and Control 4(4) Pages: 20-29
  • Peer Reviewed
• [Journal Article] Mechanism Design with Side Payments: Individual Rationality and Iterative Dominance (2007)
  • Author(s): Hitoshi Matsushima
  • Journal Title: Journal of Economic Theory 133巻1号 Pages: 1-30
• [Journal Article] Relative Performance Evaluation between Multitask Agents (2007)
  • Author(s): Hitoshi Matsushima
  • Journal Title: Discussion Paper Series, University of Tokyo, CIRJE F-419
• [Journal Article] Real Indeterminacy of Stationary EquilibriainMatching Models with Divisible Money (2006)
  • Author(s): Kamiya, Kazuya and Takashi Shimizu
  • Journal Title: Journal of Mathematical Economics 42 Pages: 594-617
• [Journal Article] Real Indeterminacy of Stationary Equilibria in Matching Models with Divisible Money (joint with Takashi Shimizu) (2006)
  • Author(s): 神谷和也
  • Journal Title: Journal of Mathematical Economics 42 Pages: 594-617
• [Journal Article] 実験経済学の事始め:研究・教育の新しい現場
  • Author(s): 松島斉
  • Journal Title: 西條辰義編『実験経済学入門』NTT出版 (掲載決定)(仮題)
• [Journal Article] 「経済学・ゲーム理論との新しいつきあいかた:行動・実験経済学からの挑戦」
  • Author(s): 松島斉
  • Journal Title: 経済セミナー増刊『ゲーム理論プラス』日本評論社. (掲載決定)(仮題)
• [Journal Article] On the Role of Tax-Subsidy Scheme in Money Search Models
  • Author(s): 神谷和也
  • Journal Title: International Economic Review (掲載決定)
• [Journal Article] Existence of Equilibria in Matching Models of Money: A New Technique
  • Author(s): 神谷和也
  • Journal Title: Economic Theory (掲載決定)
• [Book] Production Organizations in the Japanese Economic Development (2007)
  • Author(s): Tetsuji Okazaki ed.
  • Publisher: London : Routledge
• [Remarks]
  • URL: http://www.e.u-tokyo.ac.jp/~hitoshi/basic.html