| 研究実績の概要 |
1. I finished the project "An Entry Game with Learning and Market Competition" with Junichiro Ishida and Arjit Mukherjee. Our model features both private learning about the market condition and market competition, which give rise to the first-mover and second-mover advantages in a unified framework. We characterize symmetric Markov perfect equilibria and identify a necessary and sufficient condition for the first-mover advantage to dominate. We also derive equilibrium payoff bounds to show that pioneering entry is generally payoff-enhancing, even though it is driven by preemption motives, and discuss efficiency properties of entry dynamics.
2.“Hierarchical Experimentation,” with Junichiro Ishida is published at Journal of Economic Theory.
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| 現在までの達成度 (区分) |
現在までの達成度 (区分)
2: おおむね順調に進展している
理由
My coauthors and I presented "An Entry Game with Learning and Market Competition" in seminars, workshops, and conferences in Taiwan, Hong Kong, Korea, Japan, and Canada in the past year. We received good comments, which helped us substantially improve the paper.
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