Simulating the real business cycle models is a popular topic in first-year graduate courses on macroeconomics. Usually, Maple and Matlab are used for this purpose, mainly because they can be used both for solving and for simulating the models. Strulik (2004) demonstrates that Excel can be used...

The co-author model is introduced by Jackson and Wolinsky (1996, Journal of Economic Theory) as a typical example of the models of network formation. In this note, we study which network is pairwise stable and/or stochastically stable when the number of players is four.

Jackson and Watts (2002, J Econ Theory) study a dynamic process of network formation assuming that each player is myopic. In this note, we study the same dynamic process but assume that each player is farsighted. In particular, we consider a finite-horizon version of such a dynamic process in a...

This experimental study measures three types of overconfidence in the decision behavior of participants from Germany and Japan. In the first stage of the experiment subjects completed a Raven Progressive Matrices test and subsequently assessed their test performance in absolute and relative...

We proposed two types of econometric models, a spatially clustered fixed-effects model (SCFEM) and a spatially correlated random-effects model (SCREM), to examine area-based panel data. We investigate what factors influence housing construction in the Tokyo Metropolitan Area, incorporating...

There are a lot of goods which have network externalities. While the number of players who have such a good is small, they may not get enough utility from the goods. That is, players have an incentive to delay their decision, when they purchase the goods with network externalities. Delay causes...