No. 1271
Selling Order in a Sequential Auction
Hikmet Gunay, Xin Meng and Victor Perez
December 2024

No. 1270
Signaling Vision: Knowing When to Quit
Junichiro Ishida and Wing Suen
December 2024

No. 1269
Debt Aversion Experiment: A Replication with Sophisticated Participants
Kazunori Yakushiji, Jieyi Duan and Nobuyuki Hanaki
December 2024

No. 1268
Valuing Algorithms Over Experts: Evidence from a Stock Price Forecasting Experiment
Nobuyuki Hanaki, Bolin Mao, Tiffany Tsz Kwan Tse and Wenxin Zhou
December 2024

No. 1267
Consumer Coordination and Optimal Pricing under Network Externalities
Seiya Hirano
November 2024. Revised January 2025.
(Originally entitled "Optimal Dynamic Pricing under Network Externalities")

No. 1266
On the Performance of the Crémer–McLean Auction: An Experiment
Takeshi Nishimura and Nobuyuki Hanaki
November 2024

No. 1265
Network Compatibility and Incumbent Pricing Regimes
Noriaki Matsushima and Mark J. Tremblay
November 2024

No. 1264
Household Saving in Japan: The Past, Present, and Future
Charles Yuji Horioka
November 2024

No. 1263
Life Expectancy and Business Cycles in a Small Open Economy
Tselmuun Tserenkhuu and Stephen Kosempel
November 2024

No. 1262
Giving and Costless Retaliation in the Power-to-take Game
Michalis Drouvelis, Nobuyuki Hanaki and Yuta Shimodaira
November 2024

No. 1261
The Exporter and Productivity Dynamics: The Effect of Trade Liberalization
Kazuma Inagaki
November 2024

No. 1260
Wealth Preferences and Wealth Inequality: Experimental Evidence
Nobuyuki Hanaki and Yuta Shimodaira
October 2024. Revised February 2025.

No. 1259
Asymmetric Tariffs and Productivity Growth in an Endogenous Market Structure
Colin Davis and Ken-ichi Hashimoto
September 2024

No. 1258
Growth Promotion Policies when Taxes cannot be Raised
Katsunori Minami and Ryo Horii
September 2024. Revised January 2025.

No. 1257
An Experimental Analysis on Cross-Asset Arbitrage Opportunity and the Law of One Price
Jieyi Duan and Nobuyuki Hanaki
September 2024

No. 1256
The Impact of Intergenerational Transfers on the Distribution of Wealth: An International Comparison
Charles Yuji Horioka
September 2024

No. 1255
On the Undesirable Repercussions of Gender Norms in an Endogenous Growth Model
Ryo Sakamoto and Katsunori Minami
September 2024

No. 1254
Are Japanese Households Really Not Saving Anymore?
(in Japanese: 「日本の家計は本当に貯蓄しなくなったのか?」)

Miki Kohara and Charles Yuji Horioka
September 2024

No. 1253
Book Review of Takashi Unayama, Analysis of Consumer Behavior in Contemporary Japan: Current Perspectives on the Life Cycle Theory (Keio University Press, May 2023)
(in Japanese: 「書評:宇南山卓著、『現代日本の消費分析:ライフサイクル理論の現在地』(慶應義塾大学出版会、2023年5月刊)」)

Charles Yuji Horioka
September 2024

No. 1252
Icing on the Cake: Can the Top-Floor Units Serve as a Status Good and an Investment Simultaneously?
Edward Chi Ho Tang and Charles Ka Yui Leung
September 2024

No. 1251
Why Do Europeans Save? Micro-Evidence from the Household Finance and Consumption Survey
Charles Yuji Horioka and Luigi Ventura
August 2024

No. 1250
The Nexus between Long-term Care Insurance, Formal Care, Informal Care, and Bequests: The Case of Japan
Charles Yuji Horioka, Emin Gahramanov and Xueli Tang
July 2024

No. 1249
Smooth Diagnostic Expectations
Francesco Bianchi, Cosmin Ilut and Hikaru Saijo
July 2024

No. 1248
Intergenerational Mobility and Student Loans
Ryota Nakano
July 2024

No. 1247
Optimal Feedback Dynamics Against Free-Riding in Collective Experimentation
Chia-Hui Chen, Hülya Eraslan, Junichiro Ishida and Takuro Yamashita
July 2024

No. 1246
The Bright Side of the GDPR: Welfare-improving Privacy Management
Chongwoo Choe, Noriaki Matsushima and Shiva Shekhar
June 2024

No. 1245
Was Keynes Right? A Reconsideration of the Effect of a Protective Tariff under Stagnation
Ken-ichi Hashimoto, Kaz Miyagiwa, Yoshiyasu Ono and Matthias Schlegl
June 2024

No. 1244
Inventor Mobility, Knowledge Diffusion, and Growth
Yasutaka Koike-Mori, Toshitaka Maruyama and Koki Okumura
March 2024 (The 26th ISER-Moriguchi Prize (2023) Awarded Paper)

No. 1243
The Feldstein-Horioka Puzzle or Paradox after 44 Years: A Fallacy of Composition (in Japanese: 「44 年後の「フェルドスタイン・ホリオカ・パズル(パラドックス)」:合成の誤謬」)
Charles Yuji Horioka
May 2024

No. 1242
When Learning Together Goes Wrong: Negative Peer Effects in Online Learning
Shohei Yamamoto and Shuma Iwatani
April 2024. Revised July 2024

No. 1241
Insatiable Wealth Preference: Evidence from Japanese Household Survey
Mika Akesaka, Ryo Mikami and Yoshiyasu Ono
April 2024. Revised May 2024. Secondly Revised October 2024.

No. 1240
This paper has been removed at the request of the Author.

No. 1239
Insurance against Aggregate Shocks
Takuma Kunieda and Akihisa Shibata
April 2024

No. 1238
Paying to Avoid the Spotlight
Te Bao, John Duffy and Nobuyuki Hanaki
April 2024. Revised Spemtember 2024. Secondly Revised February 2025.

No. 1237
Framing Effects on Time Preferences: The Impact of Investment and Loan Contexts in Intertemporal Choices
Shohei Yamamoto and Shotarao Shiba
April 2024

No. 1236
Experimental Evaluation of Random Incentive System under Ambiguity
Tomohito Aoyama and Nobuyuki Hanaki
March 2024

No. 1235
Does Probation Lead to Higher Starting Wage? Evidence from Japanese Online Job Ads
Mirka Zvedelikova
March 2024

No. 1234
Real Estate Market: An Urban Perspective
Charles Ka Yui Leung
March 2024

No. 1233
Do People Rely on ChatGPT More Than Their Peers to Detect Deepfake News?
Yuhao Fu and Nobuyuki Hanaki
March 2024. Revised December 2024.

No. 1232
Career Concerns and Incentive Compatible Task Design
Masaki Aoyagi and Maxime Menuet
February 2024

No. 1231
The Feldstein-Horioka Puzzle or Paradox after 44 Years: A Fallacy of Composition
Charles Yuji Horioka
February 2024

No. 1230
Outcome- and Sign-Dependent Time Preferences: An Incentivized Intertemporal Choice Experiment Involving Effort and Money
Shohei Yamamoto, Shotaro Shiba and Nobuyuki Hanaki
February 2024

No. 1229
Toward an Understanding of Dominated Bidding in a Vickrey Auction Experiment
Shigehiro Serizawa, Natsumi Shimada and Tiffany Tsz Kwan Tse
February 2024. Revised April 2024.(Originally entitled "Toward an Understanding of Insincere Bidding in a Vickrey Auction Experiment")