Takeshi Murooka's Website
Working Papers
"Higher-Order Misspecification and Equilibrium Stability" (with Yuichi Yamamoto), updated in September 2023.
"Misspecified Bayesian Learning by Strategic Players: First-Order Misspecification and Higher-Order Misspecification" (with Yuichi Yamamoto), updated in December 2021.
"A Personal-Equilibria Model of Insecurity" (with Botond Kőszegi and George Loewenstein), updated in November 2021.
"Procrastination Markets" (with Paul Heidhues and Botond Kőszegi), updated in May 2023.
"Optimal Trade Mechanisms with Adverse Selection and Inferential Naivety" (with Takuro Yamashita), updated in January 2023, revise and resubmit at American Economic Journal: Microeconomics.
"Informal Incentives and Labor Markets" (with Matthias Fahn), updated in March 2024, revise and resubmit at Economic Journal.
"Procrastination and Learning about Self-Control" (with Else Gry Bro Christensen), updated in March 2020.
"The Provision of High-Powered Incentives under Multitasking" (with Kohei Daido), updated in June 2023.
"Zero Prices: Optimal Pricing of Experience Goods under Consumer Loss Aversion," in preparation.
"Deception under Competitive Intermediation," updated in January 2015.
Refereed Publications (English)
"Adverse Selection and Bounded Rationality: An Impossibility Theorem" (with Takuro Yamashita), Japanese Economic Review, 74, 439-444, 2023.
"Fragile Self-Esteem" (with Botond Kőszegi and George Loewenstein), Review of Economic Studies, 89 (4), 2026-2060, 2022.
"Consumer Exploitation and Notice Periods" (with Marco A. Schwarz), Economics Letters, 174, 89-92, 2019.
"The Timing of Choice-Enhancing Policies" (with Marco A. Schwarz), Journal of Public Economics, 157, 27-40, 2018.
"Inferior Products and Profitable Deception" (with Paul Heidhues and Botond Kőszegi), Review of Economic Studies, 84 (1), 323-356, 2017.
"Team Incentives and Reference-Dependent Preferences" (with Kohei Daido), Journal of Economics & Management Strategy, 25 (4), 958-989, 2016.
"Exploitative Innovation" (with Paul Heidhues and Botond Kőszegi), American Economic Journal: Microeconomics, 8 (1), 1-23, 2016. [Lead article.]
Non-technical research highlight by the American Economic Association.
"Task Assignment under Agent Loss Aversion" (with Kohei Daido, Kimiyuki Morita, and Hiromasa Ogawa), Economics Letters, 121 (1), 35-38, 2013.
"A Note on Credible Spatial Preemption in an Entry-Exit Game," Economics Letters, 118 (1), 26-28, 2013.
Tomomi Tanaka and Takeshi Murooka "Self-Control Problems and Consumption-Saving Decisions: Theory and Empirical Evidence," Japanese Economic Review, 63 (1), 23-37, 2012. [Survey article.]
"Randomized Strategy Equilibrium in the Action Commitment Game with Costs of Leading" (with Toshihiro Matsumura and Akira Ogawa), Operations Research Letters, 39 (2), 115-117, 2011.
Book Chapter (English)
"Deception and Consumer Protection in Competitive Markets" (with Paul Heidhues and Botond Kőszegi), in The Pros and Cons of Consumer Protection (ed. Dan Sjöblom). Stockholm: Swedish Competition Authority, 44-76, 2012.