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Design of a mechanism embedded in an economy

Research Project

Project/Area Number 24653048
Research Category

Grant-in-Aid for Challenging Exploratory Research

Allocation TypeMulti-year Fund
Research Field Economic theory
Research InstitutionOsaka University

Principal Investigator

AOYAGI MASAKI  大阪大学, 社会経済研究所, 教授 (50314430)

Project Period (FY) 2012-04-01 – 2015-03-31
Project Status Completed (Fiscal Year 2014)
Budget Amount *help
¥390,000 (Direct Cost: ¥300,000、Indirect Cost: ¥90,000)
Fiscal Year 2014: ¥130,000 (Direct Cost: ¥100,000、Indirect Cost: ¥30,000)
Fiscal Year 2013: ¥130,000 (Direct Cost: ¥100,000、Indirect Cost: ¥30,000)
Fiscal Year 2012: ¥130,000 (Direct Cost: ¥100,000、Indirect Cost: ¥30,000)
Keywords価格提示メカニズム / 相互依存 / 社会学習 / タイミング / ネットワーク / 外部性 / 均衡 / カナダ:インド / タイミング価格競争 / 国際情報交換 / 戦略的消費者 / 価格競争 / カナダ、インド
Outline of Final Research Achievements

This project studies the equilibrium of competition between firms that employ price-posting mechanisms to sell their goods. It analyzes a dynamic two-period model in which the value of the good of either firm to each buyer depends on his and other buyers’ private information, and another model in which the value of either good to each buyer depends on the adoption decisions of his neighbors. In the first model, the buyers may delay their purchase decisions to learn from the behavior of other buyers, and the possibility of the delay affects the firms’ pricing decisions. In the second model, the equilibrium prices may not equal the constant marginal cost of production depending on the specification if the externalities relationship among the buyers.

Report

(4 results)
  • 2014 Annual Research Report   Final Research Report ( PDF )
  • 2013 Research-status Report
  • 2012 Research-status Report
  • Research Products

    (15 results)

All 2014 2013 2012 Other

All Journal Article (7 results) (of which Peer Reviewed: 2 results,  Open Access: 2 results) Presentation (7 results) (of which Invited: 6 results) Remarks (1 results)

  • [Journal Article] Strategic Obscurity in the Forecasting of Disasters2014

    • Author(s)
      Masaki Aoyagi
    • Journal Title

      Games and Economic Behavior

      Volume: 87 Pages: 485-496

    • DOI

      10.1016/j.geb.2014.07.001

    • Related Report
      2014 Annual Research Report
    • Peer Reviewed
  • [Journal Article] Social Learning and Delay in a Dynamic Model of Price Competition2014

    • Author(s)
      Masaki Aoyagi, Hikmet Gunay and Manaswini Bhalla
    • Journal Title

      ISER discussion paper

      Volume: 909 Pages: 1-44

    • Related Report
      2014 Annual Research Report
    • Open Access
  • [Journal Article] Bertrand Competition under Network Externalities2014

    • Author(s)
      Masaki Aoyagi
    • Journal Title

      ISER Discussion Paper

      Volume: 884 Pages: 1-46

    • Related Report
      2014 Annual Research Report
    • Open Access
  • [Journal Article] Learning and delay by strategic buyers in a dynamic durable good market2014

    • Author(s)
      Masaki Aoyagi, Manaswini Bhalla, Hikmet Gunay
    • Journal Title

      working paper

      Volume: 1 Pages: 1-20

    • Related Report
      2013 Research-status Report
  • [Journal Article] Bertrand competition under network externalities2013

    • Author(s)
      Masaki Aoyagi
    • Journal Title

      ISER discussion paper

      Volume: 884 Pages: 1-40

    • Related Report
      2013 Research-status Report
  • [Journal Article] Coordinating Adoption Decisions under Externalities and Incomplete Information2013

    • Author(s)
      Masaki Aoyagi
    • Journal Title

      Games and Economic Behavior

      Volume: 77 Issue: 1 Pages: 77-89

    • DOI

      10.1016/j.geb.2012.09.004

    • Related Report
      2012 Research-status Report
    • Peer Reviewed
  • [Journal Article] Optimal Obscurity in the Acquisition and Disclosure of Information About a Shock2012

    • Author(s)
      Masaki Aoyagi
    • Journal Title

      Working Paper

      Volume: 1 Pages: 1-25

    • Related Report
      2012 Research-status Report
  • [Presentation] Price competition over a buyer network2013

    • Author(s)
      Masaki Aoyagi
    • Organizer
      SAET Conference
    • Place of Presentation
      Paris, France
    • Related Report
      2013 Research-status Report
  • [Presentation] Bertrand competition under network externalities2013

    • Author(s)
      Masaki Aoyagi
    • Organizer
      Microeconomic Theory Seminar
    • Place of Presentation
      University of Pennsylvania
    • Related Report
      2013 Research-status Report
    • Invited
  • [Presentation] Bertrand competition under network externalities2013

    • Author(s)
      Masaki Aoyagi
    • Organizer
      公共経済学セミナー
    • Place of Presentation
      慶應大学
    • Related Report
      2013 Research-status Report
    • Invited
  • [Presentation] Bertrand competition under network externalities2013

    • Author(s)
      Masaki Aoyagi
    • Organizer
      経済理論セミナー
    • Place of Presentation
      東京大学
    • Related Report
      2013 Research-status Report
    • Invited
  • [Presentation] Strategic obscuity in the forecasting of disasters2013

    • Author(s)
      Masaki Aoyagi
    • Organizer
      Economic theory seminar
    • Place of Presentation
      Seoul National University
    • Related Report
      2013 Research-status Report
    • Invited
  • [Presentation] Optimal Obscurity in the Acquisition and Disclosure of Information About a Shock

    • Author(s)
      Masaki Aoyagi
    • Organizer
      特定領域「実験社会科学」:理論班・市場班合同ミィーテング
    • Place of Presentation
      大阪大学
    • Related Report
      2012 Research-status Report
    • Invited
  • [Presentation] Optimal Obscurity in the Acquisition and Disclosure of Information About a Shock

    • Author(s)
      Masaki Aoyagi
    • Organizer
      Brown Bag Seminar, Hong Kong University
    • Place of Presentation
      香港大学
    • Related Report
      2012 Research-status Report
    • Invited
  • [Remarks] Masaki Aoyagi

    • Related Report
      2013 Research-status Report

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Published: 2013-05-31   Modified: 2019-07-29  

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