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An analysis of auction theory for multi-objects and real options incorporating game theory under strategic complementarities

Research Project

Project/Area Number 21530169
Research Category

Grant-in-Aid for Scientific Research (C)

Allocation TypeSingle-year Grants
Section一般
Research Field Economic theory
Research InstitutionTokyo Metropolitan University

Principal Investigator

WATANABE Takahiro  首都大学東京, 社会科学研究科, 教授 (70220895)

Co-Investigator(Kenkyū-buntansha) YAMASHITA Hideaki  首都大学東京, 社会科学研究科, 教授 (30200687)
Co-Investigator(Renkei-kenkyūsha) MATSUI Tomomi  中央大学, 理工学部, 教授 (30270888)
Project Period (FY) 2009 – 2011
Project Status Completed (Fiscal Year 2011)
Budget Amount *help
¥4,160,000 (Direct Cost: ¥3,200,000、Indirect Cost: ¥960,000)
Fiscal Year 2011: ¥1,560,000 (Direct Cost: ¥1,200,000、Indirect Cost: ¥360,000)
Fiscal Year 2010: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
Fiscal Year 2009: ¥1,560,000 (Direct Cost: ¥1,200,000、Indirect Cost: ¥360,000)
Keywordsゲーム理論 / オークション / リアルオプション / 優モジュラ関数
Research Abstract

In this research, we obtained the following two results. First of all, we provide the sufficient conditions for a Markov perfect equilibrium in pure strategies to exist for a class of stochastic games with finite horizon, in which any stage game has strategic complementarities. Secondly, we investigated a game in which an incumbent and an entrant decide the timings of entries into a new market. The incumbent privately knows the information and has an incentive to delay the timing of the investment in order to hide the information strategically. We characterize the equilibria of this signaling game and give the conditions in which the social welfare is distorted.

Report

(4 results)
  • 2011 Annual Research Report   Final Research Report ( PDF )
  • 2010 Annual Research Report
  • 2009 Annual Research Report
  • Research Products

    (21 results)

All 2012 2011 2010 2009 Other

All Journal Article (8 results) Presentation (12 results) Remarks (1 results)

  • [Journal Article] Real Options and Signaling in Strategic Investment Games2012

    • Author(s)
      Takahiro Watanabe
    • Journal Title

      Kyoto University Institute of Economic Research Working Papers

      Volume: No.809 Pages: 1-37

    • NAID

      130006301096

    • Related Report
      2011 Annual Research Report 2011 Final Research Report
  • [Journal Article] Existence of a pure strategy equilibrium in finite symmetric games where payoff functions are integrally concave, Research Paper Series of Department of Business Administration2012

    • Author(s)
      Takahiro Watanabe and Takuya Iimura
    • Journal Title

      Tokyo Metropolitan University

      Pages: 1-18

    • Related Report
      2011 Final Research Report
  • [Journal Article] Existence of a pure strategy equilibrium in finite symmetric games where payoff functions are integrally concave2012

    • Author(s)
      Takahiro Watanabe, Takuya Iimura
    • Journal Title

      Research Paper Series of Department of Business Administration, Tokyo Metropolitan University

      Volume: 110 Pages: 1-18

    • Related Report
      2011 Annual Research Report
  • [Journal Article] Existence of a Pure Strategy Equilibrium in Markov Games with Strategic Complementarities for Finite Actions and States, Research Paper Series, Department of Business Administration2011

    • Author(s)
      Takahiro Watanabe and Hideaki Yamashita
    • Journal Title

      Tokyo Metropolitan University

      Volume: No.71 Pages: 1-19

    • Related Report
      2011 Final Research Report
  • [Journal Article] Strategic Information Revelation Through RealOptions in Investment Games2011

    • Author(s)
      Takahiro Watanabe
    • Journal Title

      Dynamics, Games and Science I

      Pages: 769-784

    • Related Report
      2011 Final Research Report
  • [Journal Article] Strategic Information Revelation Through Real Options in Investment Games2011

    • Author(s)
      Takahiro Watanabe
    • Journal Title

      Games and Science (eds.Pixoto, M.M., et.al.), Springer

      Volume: I Pages: 769-784

    • Related Report
      2011 Annual Research Report
  • [Journal Article] Strategic Information Revelation Through Real Options in Investment Games2011

    • Author(s)
      Takahiro Watanabe
    • Journal Title

      Dynamics, Games and Science

      Volume: I Pages: 769-784

    • Related Report
      2010 Annual Research Report
  • [Journal Article] Existence of a Pure Strategy Equiblrium in Markov Games with Strategic Complementarities for Finite Actions and States2010

    • Author(s)
      Takahiro Watanabe, Hideaki Yamashita
    • Journal Title

      Research Paper Series, Department of Business Administration, Tokyo Metropolitan University. No.71

      Pages: 1-9

    • Related Report
      2009 Annual Research Report
  • [Presentation] Real Option and Signaling in Strategic Investment Games2011

    • Author(s)
      Takahiro Watanabe
    • Organizer
      京都大学経済研究所ミクロ経済学・ゲーム理論研究会
    • Place of Presentation
      京都(日本)
    • Year and Date
      2011-11-17
    • Related Report
      2011 Annual Research Report 2011 Final Research Report
  • [Presentation] Real Option and Signaling in Strategic Investment Games2011

    • Author(s)
      Takahiro Watanabe
    • Organizer
      SING7(第7回スペイン・イタリア・オランダゲーム理論国際学会)
    • Place of Presentation
      パリ(フランス)
    • Year and Date
      2011-07-18
    • Related Report
      2011 Annual Research Report 2011 Final Research Report
  • [Presentation] Existence of Pure Strategy Equilibria in Finite Markov Games with Strategic Complementarities2010

    • Author(s)
      Takahiro Watanabe
    • Organizer
      第1回中国ゲーム理論・実験経済学国際会議
    • Place of Presentation
      北京(中国)
    • Year and Date
      2010-08-25
    • Related Report
      2011 Final Research Report
  • [Presentation] Existence of Pure Strategy Equilibria in Finite Markov Games with Strategic Complementarities2010

    • Author(s)
      Takahiro Watanabe
    • Organizer
      2010年第1回中国ゲーム理論・実験経済学国際会議
    • Place of Presentation
      北京(中国)
    • Year and Date
      2010-08-25
    • Related Report
      2010 Annual Research Report
  • [Presentation] Real Option and Signaling in Strategic Investment Games2010

    • Author(s)
      Takahiro Watanabe
    • Organizer
      EURO 2010(2010年第24回ヨーロッパOR学会国際会議)
    • Place of Presentation
      リスボン(ポルトガル)
    • Year and Date
      2010-07-12
    • Related Report
      2011 Final Research Report 2010 Annual Research Report
  • [Presentation] Real Option and Signaling in Strategic Investment Games, 14th International Annual Real Option Conference2010

    • Author(s)
      Takahiro Watanabe
    • Organizer
      第14回リアルオプション国際会議
    • Place of Presentation
      ローマ(イタリア)
    • Year and Date
      2010-06-17
    • Related Report
      2011 Final Research Report
  • [Presentation] Real Option and Signaling in Strategic Investment Games2010

    • Author(s)
      Takahiro Watanabe
    • Organizer
      14^<th> International Annual Real Option Conference
    • Place of Presentation
      ローマ(イタリア)
    • Year and Date
      2010-06-17
    • Related Report
      2010 Annual Research Report
  • [Presentation] Existence of a pure strategy equilibrium in Markov games with strategic complementarities for finite actions and finite states, The 1st Annual UECE LISBON MEETINGS2009

    • Author(s)
      Takahiro Watanabe
    • Organizer
      GAME THEORY AND APPLICATIONS(ゲーム理論とその応用-第1回リスボン国際会議)
    • Place of Presentation
      リスボン,ポルトガル
    • Year and Date
      2009-11-09
    • Related Report
      2011 Final Research Report
  • [Presentation] Existence of a pure strategy equilibrium in Markov games with strategic complementarities for finite actions and finite states2009

    • Author(s)
      Takahiro Watanabe
    • Organizer
      The lst Annual UECE LISBON MEETINGS--GAME THEORY AND APPLICATIONS
    • Place of Presentation
      リスボン,ポルトガル
    • Year and Date
      2009-11-09
    • Related Report
      2009 Annual Research Report
  • [Presentation] Existence of an equilibrium in Markov games with strategic complementarities and its application2009

    • Author(s)
      渡辺隆裕
    • Organizer
      日本OR学会2009年秋季発表会
    • Place of Presentation
      長崎,日本
    • Year and Date
      2009-09-09
    • Related Report
      2011 Final Research Report 2009 Annual Research Report
  • [Presentation] Existence of equilibria in Markov games with strategic complementarities for finite actions2009

    • Author(s)
      Takahiro Watanabe
    • Organizer
      SING5(第5回スペイン・イタリア・オランダゲーム理論国際学会)
    • Place of Presentation
      アムステルダム,オランダ
    • Year and Date
      2009-07-03
    • Related Report
      2011 Final Research Report
  • [Presentation] Existence of equilibria in Markov games with strategic complementarities for finite actions2009

    • Author(s)
      Takahiro Watanabe
    • Organizer
      2009 the 5th Spain, Italy, Netherlands Meeting on Game Theory (SING5)
    • Place of Presentation
      アムステルダム,オランダ
    • Year and Date
      2009-07-03
    • Related Report
      2009 Annual Research Report
  • [Remarks]

    • URL

      http://www.nabenavi.net/

    • Related Report
      2011 Final Research Report

URL: 

Published: 2009-04-01   Modified: 2016-04-21  

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