2011 Fiscal Year Final Research Report
The Effects of Investment Irreversibility and Time Lag on the Market : An Experimental Approach
| Project/Area Number |
20730227
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| Research Category |
Grant-in-Aid for Young Scientists (B)
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| Allocation Type | Single-year Grants |
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| Research Field |
Public finance/Monetary economics
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| Research Institution | Hiroshima Shudo University |
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Principal Investigator |
KUSAKAWA Takao 広島修道大学, 経済科学部, 准教授 (00412289)
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| Project Period (FY) |
2008 – 2011
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| Keywords | 実験経済学 |
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| Research Abstract |
We conducted a laboratory experiment to study the effect of two characteristics of investment technology on market performance : irreversibility and time lag. We found that investment irreversibility increased the level of capital equipment and time lag effect of investment reduced it.
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