Expertise
Microeconomic Theory, Financial Economics
Research Projects
- SME Resilience to Disasters: An empirical investigation (July 4, 2024 - December 31, 2026)
- Attitudes toward Immigration in an Aging Society: Evidence from Japan (April 20, 2015 - March 31, 2017)
Education
2001 Ph.D. Economics, Stanford University
1998 M.A. Economics, Kyoto University
1992 B.A. Economics, Kyoto University
Experience
2019 Professor, Graduate School of Frontier Sciences, The University of Tokyo
2016 Associate Professor, School of Business, University of Leicester, UK
2014 Senior Lecturer, School of Business, University of Leicester, UK
2012 Fellow (Adjunct), Research Institute of Economy, Trade and Industry
2012 Researcher, Faculty of Economics, University of Tokyo
2003 Lecturer, Essex Business School, University of Essex, UK
2000 (Senior) Financial Engineer, Mizuho-DL Financial Technology
1992 - 1994 Sumitomo Bank
Selected Publications and Papers
- "Spurious Deadweight Gains," Economics Letters, 72, 2001: 33-37, (with Giovanni Facchini and Peter J. Hammond). https://doi.org/10.1016/S0165-1765(01)00397-4
- "Modelling Exchange of Probabilistic Opinions," Economic Theory, 21, 2003: 697-727. https://doi.org/10.1007/s00199-002-0298-3
- "A Model of Financial Markets with Endogenously Correlated Rational Beliefs," Economic Theory, 30, 2007: 431-452. https://doi.org/10.1007/s00199-005-0068-0
- "Equivalent Comparisons of Information Channels," Theory and Decision, 71, 2011: 559-574. https://doi.org/10.1007/s11238-009-9180-0
- "Informative Advertising with Spillover Effects," International Journal of Economic Theory, 7, 2011: 373-386. https://doi.org/10.1111/j.1742-7363.2011.00170.x
- "Welfare Effects of Short-sale Constraints under Heterogeneous Beliefs," Economic Theory, 53, 2013: 283-314. https://doi.org/10.1007/s00199-012-0691-5
- "Self-production and Risk Sharing against Disasters: Evidence from a Developing Country," (with Yasuyuki Sawada and Tomoaki Kotera), World Development, 94, 27-37, (2017). https://doi.org/10.1016/j.worlddev.2016.12.037
- "Short and Long Recall Errors in Retrospective Household Surveys: Evidence from a Developing Country," (with Yasuyuki Sawada and Mari Tanaka), Journal of Development Studies, 55, 2232-2253, (2019). https://doi.org/10.1080/00220388.2018.1539478
- "Countering Public Oppositions to Immigration: The Impact of Information Campaigns," (with Giovanni Facchini and Yotam Margalit), European Economic Review, 141, 103959, (2022). https://doi.org/10.1016/j.euroecorev.2021.103959
- "Micro-Prudential Regulation and Loan Monitoring," (with Norvald Instefjord), Journal of Financial Services Research, forthcoming. https://doi.org/10.1007/s10693-021-00376-7
- "Adverse selection and moral hazard in corporate insurance markets: Evidence from the 2011 Thailand floods," (with Daisuke Adachi, Yasuyuki Sawada and Kunio Sekiguchi), Journal of Economic Behavior and Organization, 205, 376-386, (2023). https://doi.org/10.1016/j.jebo.2022.11.027
