| Project/Area Number |
20K01557
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Multi-year Fund |
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| Section | 一般 |
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| Review Section |
Basic Section 07010:Economic theory-related
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| Research Institution | International Christian University (2021-2023)
The University of Tokyo (2020) |
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Principal Investigator |
マルシャレツ ダニエル 国際基督教大学, 教養学部, 助教 (50747805)
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| Project Period (FY) |
2020-04-01 – 2025-03-31
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| Project Status |
Granted (Fiscal Year 2023)
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| Budget Amount *help |
¥4,290,000 (Direct Cost: ¥3,300,000、Indirect Cost: ¥990,000)
Fiscal Year 2024: ¥520,000 (Direct Cost: ¥400,000、Indirect Cost: ¥120,000)
Fiscal Year 2023: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2022: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2021: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
Fiscal Year 2020: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000)
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| Keywords | Auctions / Treasury bills / Econometrics / Microeconomics / Anglo-Dutch Auction / Fisheries / Government debt / Allocation of quota / Collusion / auctions / experimental economics / complements / market design / econometrics |
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| Outline of Research at the Start |
The contributions for will be to offer guidance for practical auction design to practitioners. Project (a) will clarify the bias in classic auction design when features such as top-up auctions and non-competitive bids are ignored. Project (b) will consider how to adjust simple auction mechanisms to sale of potentially complicated sets of package assets, taking account of correlation in bidder values. Project (c) will aim to provide an estimate of the importance of speed in sale of highly time-sensitive goods and propose solutions for how to sell perishable commodities quickly and efficiently.
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| Outline of Annual Research Achievements |
This was a productive year for my research. My paper on Philippine treasury-bill auctions was approved for publication in the Journal of Banking & Finance, which is a top journal in that field. I also presented my work at two international conferences (Asian Meetings of the Econometric Society, in China and Australia). Meanwhile, I have continued my work on additional papers, which include updating of my paper on collusion, as well as one paper on diffusion in markets that may feature piracy. I also added a short working paper on SSRN, on the use of non-stadard features in treasury bill auctions. In addition, I have contacted two new potential collaborators, with whom we may initiate work in the area of auctions for government debt.
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| Current Status of Research Progress |
Current Status of Research Progress
3: Progress in research has been slightly delayed.
Reason
Though this year was productive, the overall progress of the project has been somewhat delayed due to the pandemic that took place, and the consequent impacts on publication times and conference travel opportunities.
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| Strategy for Future Research Activity |
The plan for the future of the project is to continue updating my papers on collusion, and diffusion on platforms. Meanwhile, some new collaboration opportunities have emerged in the area of auctions for treasury-bills. After noticing my prior research in this area, pair of collaborators from the US and Europe have expressed interest in joing work on analysing treasury-bill data from two European countries. In the next year, I aim to work out the details of this collaboration, and strart analysis of the data.
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