Theory and applications of societal games : inductive game theory, equilibrium selection, and monetary economies

点击翻译按钮获取中文摘要

Matsui published a book called "Economics of conventions and norms," (in Japanese) which studies societal games and inductive games. The book received an award called "Nikkei Keizai Tosho-Bunka Sho". A chapter of the book, which studies interaction of cultures, has been published in the Journal of the Japanese and International Economies. The work that studies a mechanism through which conventions last beyond individuals has been published in the Review of Economic Design. Also, we started experimental economics in order to understand the theory better. To be concrete, Matsui conducted experimental studies with graduate students on the economic effects of "voice", publishing two papers in "Keizai-gaku Ronshu", the journal published by the University of Tokyo. In these experiments, we show that in a dictator game, in which "voice" does not matter economically, "voice" of the recipient of the claim and the third party greatly matters. The study of bounded rational players playing a game is an important building block for this series of works, and we have shown some development in this front, too. As part of the fruit in this direction, two papers have been accepted for publication, one in the Journal of Economic Theory and the other in the Japanese Economic Review.The study on search theoretic models of money shows a good progress. The joint work of Matsui and Shimizu has been published in the International Economic Review, so has the work of Kamiya. Shimizu has published "the new development of search theoretic models of money" in Keizaigaku-Kenkyu of Hitotsubashi University. The joint work of Kamiya and Shimizu showed some success and some of their works are under review in some journals.