Mechanism Design Theory and its Application to various Models

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1) The analysis of non-paternalistic altruism is extended to a dynamic model.2) The effect of banks' equity ratio on their profits is analyzed in order to investigate the optimal BIS banking regulation. It in shown that there is a trade-off between the expected rote of return of equity and the probability of bankruptcy.3) A finite algorithm to compute a competitive equilibrium in derived in a discrete land market model.4) CDM in Kyoto mechanism (of Kyoto Protocol) is analyzed.5) The total value of utilizing environment is formulated in terms of compensation bias and equivalent bias, and it is shown that the total value can be represented in an additive form of utilizing value and non utilizing value, and that utilizing value is decomposed into direct utilizing value and net indirect utilizing value.6) It is shown by using Knightian uncertainty that higher uncertainty decreases reservation prices.7) It is empirically shown that directors have more incentive to pursue share holders' profit is firms managed by owners than firms managed by non-owners.8) It is shown that there is a trade-off between Pareto-efficiency and minimum consumption guarantee if strategy-proofness is imposed on mechanisms in pure exchange economies.