Includes bibliographical references and index.

Intergenerational interactions. An equilibrium model of child maltreatment / Hideo Akabayashi ; Tough love and intergenerational altruism / Vipul Bhatt and Masao Ogaki -- Behavioral macroeconomics. Consumer interdependence via reference groups / Hiroaki Hayakawa and Yiannis Venieris ; Bounded rationality, social and cultural norms, and interdependence via reference groups / Hiroaki Hayakawa ; Keeping one step ahead of the Joneses : status, the distribution of wealth, and long run growth / Koichi Futagami and Akihisa Shibata ; Macroeconomic implications of conspicuous consumption : a Sombartian dynamic model / Katsunori Yamada ; On persistent demand shortages : a behavioural approach / Yoshiyasu Ono and Junichiro Ishida -- Time preference in macroeconomics. Rate of time preference, intertemporal elasticity of substitution, and level of wealth / Masao Ogaki and Andrew Atkeson ; Economic development and time preference schedule : the case of Japan and east Asian NICs / Kazuo Ogawa ; Luxury and wealth / Shinsuke Ikeda ; On decreasing marginal impatience / Ken-ichi Hirose and Shinsuke Ikeda -- Bubbles and crash. Why did the Nikkei crash? Expanding the scope of expectation data collection / Robert J. Shiller, Fumiko Kon-Ya, and Yoshiro Tsutsui ; Price bubbles sans dividend anchors : evidence from laboratory stock markets / Shinichi Hirota and Shyam Sunder -- Experimental markets. Revenue non-equivalence between the English and the second-price auctions : experimental evidence / Chew Soo Hong and Naoko Nishimura ; An experimental test of a committee search model / Yoichi Hizen, Keisuke Kawata, and Masaru Sasaki ; Equilibrium refinement vs. level-k analysis : an experimental study of cheap-talk games with private information / Toshiji Kawagoe and Hirokazu Takizawa -- Behavioral contract theory. Moral hazard and other-regarding preferences / Hideshi Itoh ; Contracting with self-esteem concerns / Junichiro Ishida ; Optimal promotion policies with the looking-glass effect / Junichiro Ishida -- Market efficiency and anomalies. Is no news good news? The streaming news effect on investor behavior surrounding analyst stock revision announcement / Takahiro Azuma, Katsuhiko Okada, and Yukinobu Hamuro ; The winner-loser effect in Japanese stock returns / Yoshio Iihara, Hideaki Kiyoshi Kato, and Toshifumi Tokunaga ; Addition to the Nikkei 225 Index and Japanese market response : temporary demand effect of index arbitrageurs / Katsuhiko Okada, Nobuyuki Isagawa, and Kenya Fujiwara ; The calendar structure of the Japanese stock market : the 'sell in may effect' versus the 'Dekansho-bushi effect' / Shigeki Sakakibara, Takashi Yamasaki, and Katsuhiko Okada.

"This book collects important contributions in behavioral economics and related topics, mainly by Japanese researchers, to provide new perspectives for the future development of economics and behavioral economics. The volume focuses especially on economic studies that examine interactions of multiple agents and/or market phenomena by using behavioral economics models. Reflecting the diverse fields of the editors, the book captures broad influences of behavioral economics on various topics in economics. Those subjects include parental altruism, economic growth and development, the relative and permanent income hypotheses, wealth distribution, asset price bubbles, auctions, search, contracts, personnel management and market efficiency and anomalies in financial markets. The chapter authors have added newly written addenda to the original articles in which they address their own subsequent works, supplementary analyses, detailed information on the underlying data and/or recent literature surveys. This will help readers to further understand recent developments in behavioral economics and related research"--Back cover.