Research
Published Papers:
On the Monetary Exchange with Multiple Equilibrium Money Holdings Distributions: An Experimental Approach, with Kazuya Kamiya, Hajime Kobayashi, and Tatsuhiro Shichijo, Journal of Economic Behavior and Organization, 183: 206-232, 2021.
Cheap Talk when the Receiver Has Uncertain Information Sources, with Junichiro Ishida, Economic Theory, 68(2): 303-334, 2019. The revised version of "Can More Information Facilitates Communication?"
Cheap Talk with an Exit Option: A Model of Exit and Voice, International Journal of Game Theory, 46(4): 1071-1088, 2017. Online Appendix, DP Version.
Cheap Talk with an Informed Receiver, with Junichiro Ishida, Economic Theory Bulletin, 4(1): 61-72, 2016.
Cheap Talk with an Exit Option: The Case of Discrete Action Space, Economics Letters, 120(3): 397-400, 2013.
Dynamic Auction Markets with Fiat Money, with Kazuya Kamiya, Journal of Money, Credit and Banking, 45(2-3): 349-378, 2013. The revised version of "A Dynamic General Equilibrium Model with Centralized Auction Markets." Supplement.
Stationary Monetary Equilibria with Strictly Increasing Value Functions and Non-Discrete Money Holdings Distributions: An Indeterminacy Result, with Kazuya Kamiya, Journal of Economic Theory, 146(5): 2140-2150, 2011. Supplement.
Existence of Equilibria in Matching Models of Money: A New Technique, with Kazuya Kamiya, Economic Theory, 32(3): 447-460, 2007.
On the Role of Tax-Subsidy Scheme in Money Search Models, with Kazuya Kamiya, International Economic Review, 48(2): 575-606, 2007.
Real Indeterminacy of Stationary Equilibria in Matching Models with Divisible Money, with Kazuya Kamiya, Journal of Mathematical Economics, 42(4-5): 594-617, 2006.
On the Existence of Single-Price Equilibria in a Matching Model with Divisible Money and Production Cost, with Kazuya Kamiya and Noritsugu Morishita, International Journal of Economic Theory, 1(3): 219-231, 2005.
A Theory of Money and Marketplaces, with Akihiko Matsui, International Economic Review, 46(1): 35-59, 2005.
Working Papers:
Asking One Too Many? Why a Leader Needs to be Decisive, with Junichiro Ishida.
Hysteresis in Dynamic General Equilibrium Models with Cash-in-Advance Constraint, with Kazuya Kamiya.
Exit and Voice in a Marriage Market, with Akiko Maruyama and Kazuhiro Yamamoto.
Works in Progress:
How to Really Open the Door: An Analysis on the Risk of Voice, slide.
On the Monetary Exchange in Dynamic Auction Markets with Fiat Money: An Experimental Approach, with Kazuya Kamiya, Hajime Kobayashi, and Tastuhiro Shichijo
Which Is Better for the Receiver between Senders with Like Biases and Senders with Opposing Biases?