Tomomi Tanaka
World Bank
Network
Latest external collaboration on country level. Dive into details by clicking on the dots.
Publication
Featured researches published by Tomomi Tanaka.
The American Economic Review | 2010
Tomomi Tanaka; Colin F. Camerer; Quang Nguyen
We conducted experiments in Vietnamese villages to determine the predictors of risk and time preferences. In villages with higher mean income, people are less loss-averse and more patient. Household income is correlated with patience but not with risk. We expand measurements of risk and time preferences beyond expected utility and exponential discounting, replacing those models with prospect theory and a three-parameter hyperbolic discounting model. Comparable risk parameter estimates have been found for Chinese farmers, using our method.
Archive | 2006
Tomomi Tanaka; Colin F. Camerer; Quang Nguyen
We conducted experiments in Vietnamese villages to investigate how wealth, political history, occupation, and other demographic variables (taken from a comprehensive earlier household survey) are correlated with risk and time discounting measured in experiments. Experimental results show that in villages with higher mean income, people are less loss-averse and more patient. Villagers in the north who had worked on collective farms and received food from the government on a regular basis are less averse to loss. We expand measurements of risk and time preferences beyond expected utility and exponential discounting, replacing those simple approximations with prospect theory and a three-parameter hyperbolic discounting model.
B E Journal of Economic Analysis & Policy | 2007
Tomomi Tanaka
This paper compares the performance of direct negotiation, double auction, and a two-sided combinatorial call market for consolidating fragmented land. Experimental results suggest direct negotiation produces higher efficiencies than other mechanisms when 1) all commodities need to be traded to achieve efficiency, and 2) subjects are well exposed to various experimental formats. The combinatorial call market performs well when 1) swapping is easily agreeable, and 2) the number of subjects and commodities are increased and the initial endowments are unchallenging. The two-sided combinatorial call market suffers from the holdout problem when the number of subjects and commodities is small.
Games and Economic Behavior | 2016
John William Hatfield; Charles R. Plott; Tomomi Tanaka
We investigate how price ceilings and floors affect outcomes in continuous time, double auction markets with discrete goods and multiple qualities. When price controls exist, the existence of competitive equilibria is no longer guaranteed; hence, we investigate the nature of non-price competition and how markets might evolve in its presence. We develop a quality competition model based on matching theory. Equilibria of the quality competition model always exist in such price-constrained markets; moreover, they naturally correspond to competitive equilibria when competitive equilibria exist. Additionally, we characterize the set of equilibria of the quality competition model in the presence of price restrictions. In a series of experiments, we find that market outcomes closely conform to the predictions of the model. In particular, price controls induce non-price competition between agents both in theory and in the experimental environment; market behaviors result in allocations close to the predictions of the model.
Levine's Bibliography | 2006
Tomomi Tanaka; Colin F. Camerer; Quang Nguyen
The American Economic Review | 2012
John William Hatfield; Charles R. Plott; Tomomi Tanaka
Levine's Bibliography | 2006
Tomomi Tanaka; Colin F. Camerer; Quang Nguyen
Experimental Economics | 2016
Tomomi Tanaka; Colin F. Camerer
Archive | 2010
Tomomi Tanaka; Colin F. Camerer; Quang Nguyen
Post-Print | 2009
Tomomi Tanaka; Colin F. Camerer; Quang Nguyen