オガワ　タカユキ   OGAWA Takayuki
  小川　貴之
   所属   大阪経済大学  経済学部 経済学科
   職種   教授
言語種別 英語
発行・発表の年月 2021/09/15
形態種別 学術雑誌
査読 査読あり
標題 Welfare Implications of Mitigating Investment Uncertainty
執筆形態 共著
掲載誌名 Annals of Finance
掲載区分国外
出版社・発行元 Springer
巻・号・頁 21,pp.559-582
著者・共著者 Takayuki Ogawa and Jun Sakamoto
概要 This study explores the welfare implications of mitigating investment uncertainty in the context of Easley and O’Hara (Rev Financ Stud 22:1817–1843, 2009) While one may expect welfare gains by encouraging participation in financial markets by ambiguity-averse investors, we formally show that it hurts other investors and thus is not Pareto-improving without appropriate income transfers. We also examine the welfare effects of income redistribution among heterogeneous investors and government spending on investor education.
DOI https://doi.org/10.1007/s10436-021-00395-3
researchmap用URL https://www2.econ.osaka-u.ac.jp/econ_society/dp/1833R.pdf