IDEAS home Printed from https://ideas.repec.org/p/mei/wpaper/24.html
   My bibliography  Save this paper

Unequal Distribution of Powers in a Wicksellian Transfer Game

Author

Listed:
  • Yoshiaki Hoshino
  • Ryuichiro Ishikawa

    (University of Tsukuba)

  • Akira Yamazaki

    (Meisei University)

Abstract

A Wicksellian transfer game is a game composed of three types of players having heterogeneous tastes and heterogeneously endowed commodities among them. In the tradition of economic theory, such a game situation has been considered to represent typical market conditions when traders face transactions among them. In this paper we are interested in finding out the nature of these transfers of commodities resulting from a Wicksellian game.

Suggested Citation

  • Yoshiaki Hoshino & Ryuichiro Ishikawa & Akira Yamazaki, 2013. "Unequal Distribution of Powers in a Wicksellian Transfer Game," Discussion Papers 24, Meisei University, School of Economics.
  • Handle: RePEc:mei:wpaper:24
    as

    Download full text from publisher

    File URL: https://keizai.meisei-u.ac.jp/upload/admin/discussion_paper/2019/03/DP_no24.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Naoto Isaka & Hiroshi Yoshikawa, 2008. "The Effect of Reductions in Minimum Trading Units on Equity Premiums," Discussion Papers 10, Meisei University, School of Economics.
    2. Naoto Isaka, 2007. "On The Informational Effect Of Short‐Sales Constraints: Evidence From The Tokyo Stock Exchange," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 30(4), pages 455-471, December.
    3. Joseph Greenberg & Shlomo Weber & Akira Yamazaki, 2006. "On blocking coalitions: Linking Mas-Colell with Grodal-Schmeidler-Vind," Discussion Papers 2, Meisei University, School of Economics.
    4. Suzuki, Shiba, 2014. "An exploration of the effect of doubt during disasters on equity premiums," Economics Letters, Elsevier, vol. 123(3), pages 270-273.
    5. Shinya Kajitani, 2013. "Is a Blue-collar Job Bad for Your Long-term Health?," Discussion Papers 23, Meisei University, School of Economics.
    6. Fujiki, Hiroshi & Green, Edward J. & Yamazaki, Akira, 2008. "Incentive efficient risk sharing in a settlement mechanism," Journal of Economic Theory, Elsevier, vol. 142(1), pages 178-195, September.
    7. Haruo Kataoka & Hiroaki Hashimoto, 2008. "Keynes-Ramsey Rule and its Implications in a Two-Sector Optimal Growth Model," Discussion Papers 8, Meisei University, School of Economics.
    8. Naoto Isaka, 2007. "On the informational effect of short-sales constraints: Evidence from the Tokyo Stock Exchange," Discussion Papers 5, Meisei University, School of Economics.
    9. Shinya Kajitani & Shuzo Nishimura & Keisuke Tokunaga, 2009. "Why Do the Japanese Enjoy Longevity? Do Health Care Expenditures Contribute it? (Revised Version of "The Impact of Healthcare Expenditures on Longevity in Japan: Evidence from Longitudinal, Prefe," Discussion Papers 15, Meisei University, School of Economics.
    10. Shinya Kajitani & Shuzo Nishimura & Keisuke Tokunaga, 2009. "The Impact of Healthcare Expenditures on Longevity in Japan: Evidence from Longitudinal, Prefectural-Level Data," Discussion Papers 13, Meisei University, School of Economics, revised 08 Aug 2009.
    11. Shinya Kajitani, 2010. "Working in Old Age and Health Outcome in Japan," Discussion Papers 16, Meisei University, School of Economics.
    12. Shinya Kajitani, 2009. "Health and Work Decisions of Older Japanese Men," Discussion Papers 12, Meisei University, School of Economics.
    13. Akira Yamazaki, 2010. "On the Perception and Representation of Economic Quantity in the History of Economic Analysis in view of the Debreu Conjecture," Discussion Papers 18, Meisei University, School of Economics.
    14. Yuzo Hosoya & Takahiro Terasaka, 2008. "Inference on Transformed Stationary Time Series," Discussion Papers 11, Meisei University, School of Economics.
    15. Haruo Kataoka & Hiroaki Hashimoto, 2006. "The Constant Hamiltonian and a Generalized Form of the Ramsey Rule," Discussion Papers 1, Meisei University, School of Economics.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Akira Yamazaki, 2013. "Production Atomless Economies," Discussion Papers 25, Meisei University, School of Economics.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Akira Yamazaki, 2013. "Production Atomless Economies," Discussion Papers 25, Meisei University, School of Economics.
    2. Lecce, Steven & Lepone, Andrew & McKenzie, Michael D. & Segara, Reuben, 2012. "The impact of naked short selling on the securities lending and equity market," Journal of Financial Markets, Elsevier, vol. 15(1), pages 81-107.
    3. Sheridan Titman & Naoto Isaka, 2014. "Long-run Effects of Minimum Trading Unit Reductions on Stock Prices," International Review of Finance, International Review of Finance Ltd., vol. 14(1), pages 75-103, March.
    4. Frino, Alex & Lecce, Steven & Lepone, Andrew, 2011. "Short-sales constraints and market quality: Evidence from the 2008 short-sales bans," International Review of Financial Analysis, Elsevier, vol. 20(4), pages 225-236, August.
    5. Khan, Mostafa Saidur Rahim & Bremer, Marc & Kato, Hideaki Kiyoshi, 2018. "Are short-sales constraints binding when there is a centralized lendable securities market? Evidence from Japan," Journal of the Japanese and International Economies, Elsevier, vol. 48(C), pages 85-96.
    6. Lee, Bong-Soo & Ko, Kwangsoo, 2014. "Are Japanese short sellers information detectives?," Journal of the Japanese and International Economies, Elsevier, vol. 34(C), pages 89-97.
    7. Takahashi, Hidetomo & Xu, Peng, 2016. "Trading activities of short-sellers around index deletions: Evidence from the Nikkei 225," Journal of Financial Markets, Elsevier, vol. 27(C), pages 132-146.
    8. Khan, Mostafa Saidur Rahim & Kato, Hideaki Kiyoshi & Bremer, Marc, 2019. "Short sales constraints and stock returns: How do the regulations fare?," Journal of the Japanese and International Economies, Elsevier, vol. 54(C).
    9. Naoya Shiomi & Hidetomo Takahashi & Peng Xu, 2021. "Strategic short selling around index additions: Evidence from the Nikkei 225," International Review of Finance, International Review of Finance Ltd., vol. 21(3), pages 1068-1077, September.
    10. Tomura, Hajime, 2018. "Payment instruments and collateral in the interbank payment system," Journal of Economic Theory, Elsevier, vol. 178(C), pages 82-104.
    11. Tore Nilssen, 2011. "Risk externalities in a payments oligopoly," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 10(3), pages 211-234, December.
    12. Robert A. Eisenbeis, 2007. "Home Country Versus Cross-Border Negative Externalities in Large Banking Organization Failures and How to Avoid them," World Scientific Book Chapters, in: Douglas D Evanoff & George G Kaufman & John R LaBrosse (ed.), International Financial Instability Global Banking and National Regulation, chapter 13, pages 181-200, World Scientific Publishing Co. Pte. Ltd..
    13. Hiroshi Fujiki, 2013. "Policy Measures to Alleviate Foreign Currency Liquidity Shortages under Aggregate Risk with Moral Hazard," The Japanese Economic Review, Japanese Economic Association, vol. 64(4), pages 504-536, December.
    14. Charles M. Kahn & William Roberds, 2009. "Payments Settlement: Tiering in Private and Public Systems," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 41(5), pages 855-884, August.
    15. Kahn, Charles M. & Roberds, William, 2009. "Why pay? An introduction to payments economics," Journal of Financial Intermediation, Elsevier, vol. 18(1), pages 1-23, January.
    16. Kocherlakota, Narayana & Wright, Randall, 2008. "Introduction to monetary and macro economics," Journal of Economic Theory, Elsevier, vol. 142(1), pages 1-4, September.
    17. Shiba Suzuki & Hiroaki Yamagami, 2020. "Optimism on Pollution-Driven Disasters and Asset Prices," Working Papers 2020.06, FAERE - French Association of Environmental and Resource Economists.
    18. Schulz, Christian, 2011. "Liquidity requirements and payment delays - participant type dependent preferences," Working Paper Series 1291, European Central Bank.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mei:wpaper:24. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Koji Yokota (email available below). General contact details of provider: https://edirc.repec.org/data/demeijp.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.