2012 Fiscal Year Final Research Report
Analysis and Design of Circuit Breakers based on Synchronic and Diachronic Perspectives
| Project/Area Number |
23810010
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| Research Category |
Grant-in-Aid for Research Activity Start-up
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| Allocation Type | Single-year Grants |
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| Research Field |
Social systems engineering/Safety system
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| Research Institution | Japan Advanced Institute of Science and Technology |
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Principal Investigator |
KOBAYASHI Shigeto 北陸先端科学技術大学院大学, 知識科学研究科, 助教 (20610059)
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| Project Period (FY) |
2011 – 2012
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| Keywords | サーキットブレーカー / 制度設計 / 株式市場 / 知識処理機構 / ミクロ・メゾ・マクロ・ループ / 貨幣意識 |
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| Research Abstract |
I indicated that path dependency and value consciousness contribute to the formation of market institutions by analyzing a transition and effect of trading halt in stock markets. These factors are significant for institutional design in the market. I also claim that institutions are present in meso between micro and macro, and these factors continue to change the market structure by the micro-meso-macro interactions. Further, I showed that dynamic relationship is formed between economic actor and exchange, which outputs knowledge about market rules.
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