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2007 Fiscal Year Final Research Report Summary

Frontiers in Game Theory

Research Project

Project/Area Number 16203011
Research Category

Grant-in-Aid for Scientific Research (A)

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

Principal Investigator

OKADA Akira  Hitotsubashi University, Graduate School of Economics, professor (90152298)

Co-Investigator(Kenkyū-buntansha) TADENUMA Koichi  Hitotsubashi University, Graduate School of Economics, professor (50227112)
FURUSAWA Taiji  Hitotsubashi University, Graduate School of Economics, professor (80272095)
NISHIMURA Kazuo  Kyoto University, Institute of Economic Research, professor (60145654)
IMAI Haruo  Kyoto University, Institute of Economic Research, professor (10144396)
KAJII Atsushi  Kyoto University, Institute of Economic Research, professor (80282325)
Project Period (FY) 2004 – 2007
Keywordsgame theory / economic behavior / dynamic games / bargaining games / repeated games / incentive / information / environments
Research Abstract

This research project investigates various problems of strategic interdependence in institution, market mechanisms, organizations and human behavior as frontiers in game theory. The project consists of the following three research units.
1.Dynamic games of organizations, markets and institution
The unit has developed theories of macro equilibrium dynamics and non-cooperative bargaining games. We derive conditions of dynamic systems for convergence to stationary points, indeterminacy and complex oscillation and chaos. We also present a non-cooperative bargaining model for coalition formation and payoff allocations, and define a new cooperative solution concept, called the Nash core, synthesizing the Nash bargaining solution and the core. Experiments of bargaining and public goods provision are conducted.
2. Game analysis of knowledge, information and incentive
The unit has developed theories of information, incentive and repeated games. We investigate strategic effects of ambiguous information in the framework of non-Bayesian decision theory, and derive axioms of the Myerson value in cooperative games. We also prove a general folk theorem in repeated games with monitoring costs, and analyze the monopoly pricing of durable goods with network externality.
3. Applied and policy analysis of game theory
The unit has developed applications of game theory to social choice, environmental problems and international economics. We investigate the possibility of social order compromising efficiency and fairness, and characteristics of individual information required for constructing social preference order. We also consider policy implications of bargaining theory to international negotiations in global warming problems. Applying network games, we analyze the formation of free trade agreements (FTA), stability of fair trade, and tariff competition. (248)

  • Research Products

    (9 results)

All 2007

All Journal Article (6 results) (of which Peer Reviewed: 3 results) Presentation (2 results) Book (1 results)

  • [Journal Article] Riskless versus Risky Bargaining Procedures: The Aumann-Roth Controversy Revisited2007

    • Author(s)
      Akira Okada
    • Journal Title

      Japanese Economic Review 58(2)

      Pages: 294-302

    • Description
      「研究成果報告書概要(和文)」より
    • Peer Reviewed
  • [Journal Article] Indeterminacy in Discrete-time Infinite-Horizon Models with Non-linear Utility and Endogenous Labor2007

    • Author(s)
      Kazuo Nishimura
    • Journal Title

      Journal of Mathematical Economics 43(3-4)

      Pages: 446-476

    • Description
      「研究成果報告書概要(和文)」より
    • Peer Reviewed
  • [Journal Article] Welfare Gains and Losses in Sunspot Equilibria2007

    • Author(s)
      Atsushi Kajii
    • Journal Title

      Japanese Economic Review 58(3)

      Pages: 329-344

    • Description
      「研究成果報告書概要(和文)」より
    • Peer Reviewed
  • [Journal Article] Riskless versus Risky Bargaining Procedures: The Aumann-Roth Controversy Revisited2007

    • Author(s)
      Akira, Okada
    • Journal Title

      Japanese Economic Review 58(2)

      Pages: 294-302

    • Description
      「研究成果報告書概要(欧文)」より
  • [Journal Article] Indeterminacy in Discrete-time Infinite-Horizon Models with Non-linear Utility and Endogenous Labor2007

    • Author(s)
      Kazuo, Nishimura
    • Journal Title

      Journal of Mathematical Economics 43(3-4)

      Pages: 446-476

    • Description
      「研究成果報告書概要(欧文)」より
  • [Journal Article] Welfare Gains and Losses in Sunspot Equilibria2007

    • Author(s)
      Atsushi, Kajii
    • Journal Title

      Japanese Economic Review 58(3)

      Pages: 329-344

    • Description
      「研究成果報告書概要(欧文)」より
  • [Presentation] Axiomatization of a Bargaining Solution under a Deadline2007

    • Author(s)
      Haruo Imai
    • Organizer
      スペイン-イタリア-オランダゲーム理論第3回大会(SING3)
    • Place of Presentation
      マドリード、スペイン
    • Year and Date
      2007-07-06
    • Description
      「研究成果報告書概要(和文)」より
  • [Presentation] Axiomatization of a Bargaining Solution under a Deadline2007

    • Author(s)
      Haruo, Imai
    • Organizer
      SING3
    • Place of Presentation
      Madrid, Spain
    • Year and Date
      2007-07-06
    • Description
      「研究成果報告書概要(欧文)」より
  • [Book] マクロ経済動学2007

    • Author(s)
      西村和雄
    • Total Pages
      319
    • Publisher
      岩波書店
    • Description
      「研究成果報告書概要(和文)」より

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Published: 2010-02-04  

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