| Budget Amount *help |
¥4,160,000 (Direct Cost: ¥3,200,000、Indirect Cost: ¥960,000)
Fiscal Year 2021: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
Fiscal Year 2020: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
Fiscal Year 2019: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
Fiscal Year 2018: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
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| Outline of Final Research Achievements |
In this research, I have developed the fundamental theory of mechanism design by an informed principal and applied these results to auction problems. In the paper entitled ``Informed Principal Problems in Bilateral Trading", which focuses on a bilateral trade environment, I developed a general approach applicable to more general economic environments. This paper was published in the Journal of Economic Theory in 2022. Using this approach, I studied some problems such as dynamic asset sales, and investigated what kind of auction mechanism an informed seller selects in equilibrium.
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