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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| Project Status |
Completed (Fiscal Year 2011)
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| Budget Amount *help |
¥4,030,000 (Direct Cost: ¥3,100,000、Indirect Cost: ¥930,000)
Fiscal Year 2011: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000)
Fiscal Year 2010: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000)
Fiscal Year 2009: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
Fiscal Year 2008: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
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| Keywords | 実験経済学 / 投資の非可逆性 / 投資のタイムラグ / 行動ファイナンス / バブル |
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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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Report
(6 results)
Research Products
(12 results)
