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オダ ヒデノリ
ODA HIDENORI
小田 秀典 所属 京都産業大学 経済学部 経済学科 職種 教授 |
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| 発行・発表の年月 | 2006/06 |
| 形態種別 | 研究論文 |
| 査読 | 査読あり |
| 標題 | A middleman in an ambiguous situation-Experimental evidence |
| 執筆形態 | その他 |
| 掲載誌名 | Journal of Socio-Economics |
| 巻・号・頁 | 35(3),412-439頁 |
| 著者・共著者 | Kazuhito Ogawa,Yuhsuke Koyama,Sobei H. Oda |
| 概要 | This paper describes how undergraduates play intermediaries. A series of experiments was conducted to see how subjects play the monopolistic intermediary against given but unknown supply and demand. The results show that most subjects search for the bid and the ask prices that equalise the purchasing quantity with the selling quantity; then, keeping the trading quantity, they adjust the prices to obtain a locally maximum profit. This suggests that monopolistic firms can act as intermediaries even if they are not as informed as they are supposed to be discussed in the market microstructure theory. In addition, we investigate how people cope with ambiguity. © 2006 Elsevier Inc. All rights reserved. |
| DOI | 10.1016/j.socec.2005.11.032 |
| ISSN | 1053-5357 |