| Project/Area Number |
19530148
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|---|
| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Single-year Grants |
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| Section | 一般 |
|---|
| Research Field |
Economic theory
|
|---|
| Research Institution | The University of Tokyo |
|---|
Principal Investigator |
KAMIYA Kazuya The University of Tokyo, 大学院・経済学研究科, 教授 (50201439)
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| Project Period (FY) |
2007 – 2010
|
| Project Status |
Completed (Fiscal Year 2010)
|
| Budget Amount *help |
¥3,900,000 (Direct Cost: ¥3,000,000、Indirect Cost: ¥900,000)
Fiscal Year 2010: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
Fiscal Year 2009: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000)
Fiscal Year 2008: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
Fiscal Year 2007: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
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| Keywords | 貨幣的均衡 / オークション / ワルラス均衡 / 貨幣 / マッチング / 非決定性 / サイクル / マッチング・モデル |
|---|
| Research Abstract |
I investigated monetary equilibria and obtained the following results :
1. I presented several models with indeterminate equilibria. Moreover, I presented the logic behind the indeterminacy.
2. I presented a policy which leads the economy to an efficient allocation, when the monetary equilibria are indeterminate.
3. I analyzed the effect of choice of market institutions, e.g., an auction market or a Walrasian market, on the welfare of the economy.
4. I presented a fundamental method to prove the existence of equilibria in random matching models, such as monetary search models and labor search models, and analyzed the global structure of the set of equilibria. Moreover, I investigated equilibrium dynamics in cash-in-advance models.
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Report
(6 results)
Research Products
(18 results)
