Behavioral Interactions, Markets, and Economic Dynamics [electronic resource] : Topics in Behavioral Economics /
Ikeda, Shinsuke.editor.
Kato, Hideaki Kiyoshi.editor.
Ohtake, Fumio.editor.
Tsutsui, Yoshiro.editor.
This book collects important contributions in behavioral economics and related topics, mainly by Japanese researchers, to provide new perspectives for the future development of economics and behavioral economics. The volume focuses especially on economic studies that examine interactions of multiple agents and/or market phenomena by using behavioral economics models. Reflecting the diverse fields of the editors, the book captures broad influences of behavioral economics on various topics in economics. Those subjects include parental altruism, economic growth and development, the relative and permanent income hypotheses, wealth distribution, asset price bubbles, auctions, search, contracts, personnel management and market efficiency and anomalies in financial markets. The chapter authors have added newly written addenda to the original articles in which they address their own subsequent works, supplementary analyses, detailed information on the underlying data and/or recent literature surveys. This will help readers to further understand recent developments in behavioral economics and related research.
Description based upon print version of record.
Includes bibliographical references at the end of each chapters and index.
Part I Intergenerational Interactions -- 1 An equilibrium model of child maltreatment (Akabayashi).-2 Tough Love and Intergenerational Altruism (Bhatt, Ogaki) -- Part II Behavioral Macroeconomics.-3 Consumer interdependence via reference groups (Hayakawa, Venieris, Yiannis) -- 4 Bounded rationality, social and cultural norms, and interdependence via reference groups (Hayakawa)  -- 5 Keeping one step ahead of the Joneses: Status, the distribution of wealth, and long run growth (Futagami, Shibata, Akihisa) -- 6 Macroeconomic implications of conspicuous consumption: A Sombartian dynamic model (Yamada) -- 7 On Persistent Demand Shortages: A behavioural Approach (Ono, Ishida).-Part III Time Preference in Macroeconomics -- 8 Rate of Time Preference, Intertemporal Elasticity of Substitution, and Level of Wealth (Ogaki, Atkeson) -- 9Economic development and time preference schedule: The Case of Japan and East Asian NICs(Ogawa) -- 10 Luxury and Wealth (Ikeda, Shinsuke) -- 11 On decreasing marginal impatience (Hirose, Ikeda) -- Part IV Bubbles and Crash -- 12 Why Did the Nikkei Crash? Expanding the Scope of Expectation Data Collection (Shiller, Kon-Ya, Tsutsui) -- 13 Price Bubbles Sans Dividend Anchors: Evidence from Laboratory Stock Markets (Hirota, Sunder, Shyam) -- Part V Experimental Markets -- 14 Revenue Non-Equivalence between the English and the Second-Price Auctions: Experimental Evidence (Soo Hong, Nishimura) -- 15 An experimental test of a committee search model(Hizen, Kawata, Sasaki) -- 16 Equilibrium refinement vs. level-k analysis: An experimental study of cheap-talk games with private information (Kawagoe, Takizawa).-Part VI Behavioral Contract Theory -- 17 Moral Hazard and Other-Regarding Preferences(Itoh) -- 18 Contracting with self-esteem concerns(Ishida) -- 19 Optimal Promotion Policies with the Looking‐Glass Effect(Ishida).-Part VII Market Efficiency and Anomalies -- 20 Is No News Good News? The Streaming News Effect on Investor Behavior Surrounding Analyst Stock Revision Announcement (Azuma, Okada, Hamuro) -- 21 The Winner-Loser Effect in Japanese Stock Returns(Kato, Iihara, Tokunaga) -- 22 Addition to the Nikkei 225 Index and Japanese market response: Temporary demand effect of index arbitrageurs(Okada, Isagawa, Fujiwara) -- 23 The Calendar Structure of the Japanese Stock Market: The ‘Sell in May Effect’ versus the ‘Dekansho-bushi Effect'( Sakakibara, Yamasaki, Okada).
This book collects important contributions in behavioral economics and related topics, mainly by Japanese researchers, to provide new perspectives for the future development of economics and behavioral economics. The volume focuses especially on economic studies that examine interactions of multiple agents and/or market phenomena by using behavioral economics models. Reflecting the diverse fields of the editors, the book captures broad influences of behavioral economics on various topics in economics. Those subjects include parental altruism, economic growth and development, the relative and permanent income hypotheses, wealth distribution, asset price bubbles, auctions, search, contracts, personnel management and market efficiency and anomalies in financial markets. The chapter authors have added newly written addenda to the original articles in which they address their own subsequent works, supplementary analyses, detailed information on the underlying data and/or recent literature surveys. This will help readers to further understand recent developments in behavioral economics and related research.
Finance.
Macroeconomics.
Industrial psychology.
Finance, general.
Macroeconomics/Monetary Economics//Financial Economics.
Industrial and Organizational Psychology.