Peer Effects and Academic Performance: The Impact of Secondary Schoolmates in Undergraduate Classrooms
The B.E. Journal of Economic Analysis & Policy (2026).
Research
My research lies at the intersection of microeconomic theory, political economy, and financial economics. I am particularly interested in how institutions shape strategic behaviour, collective decision-making, the aggregation of dispersed information, and economic outcomes. My work combines rigorous theoretical modelling with empirical and policy-oriented research.
Journal Articles
Listed in reverse chronological order. Links lead to the publisher's version of record.
Policy Polarization, Primaries, and Strategic Voters
Mathematical Social Sciences, 127, 19–35 (2024).
Price Manipulation, Dynamic Informed Trading, and the Uniqueness of Equilibrium in Sequential Trading
Journal of Economic Dynamics and Control, 125, 104086 (2021).
Nash Equilibrium and Party Polarization in an Electoral Model with Mixed Motivations
Journal of Public Economic Theory, 21(2), 219–240 (2019).
Social Choice Correspondences with Infinitely Many Agents: Serial Dictatorship
Social Choice and Welfare, 48(3), 573–598 (2017).
A Trade and Welfare Analysis of Tariff Changes within the TPP
The B.E. Journal of Economic Analysis & Policy, 16(1), 477–511 (2016).
A Hierarchical Agency Model of Deposit Insurance
Annals of Finance, 10(2), 267–290 (2014).
A Unifying Impossibility Theorem
Economic Theory, 54(2), 249–271 (2013).
No Trade, Informed Trading, and Accuracy of Information
Economics Bulletin, 31(2), 1313–1321 (2011).
A Dynamic Strategy of the Informed Trader with Market Manipulation
Annals of Finance, 6(2), 287–294 (2010).
Price, Trade Size, and Information Revelation in Multi-Period Securities Markets
Journal of Financial Markets, 13(1), 49–76 (2010).
Office-Seeking Politicians, Interest Groups and Split Contributions in a Campaign Finance Model
International Journal of Economic Theory, 3(4), 297–314 (2007).
Work in Progress
Current research projects.
Proof of Stake Blockchains: An Axiomatization of Dynamic Random Selection Rules
Revision requested by Games and Economic Behavior, July 2025.
An Efficient School Choice Mechanism Based on a Generalization of Hall's Marriage Theorem
Theories of Financial Crisis: A Survey
A Minskyite Model of Financial Crises
Price Formation and Discovery within and across Dark and Lit Markets
Equilibrium Existence in an Electoral Competition Model
Information Revelation in Asset Trading
Sequential vs. Simultaneous Blockchain Consensus with Adversarial Attacks
The Strategy of Single Transferable Vote
Supplementary Notes
A Unifying Impossibility Theorem for Compact Metric Social Alternatives Space
This note extends the main theorem in Man and Takayama (2013) to the case in which the set of social alternatives is a compact metric space.
Outreach
- Enhancing the thesis experience: insights from master’s students Times Higher Education Campus, 28 January 2025
- Speeding free trade agreements as a message against the rise of protectionism Radio Sputnik World Service, 22 March 2018
- The European Union and Japan concluded negotiations on a free trade deal Radio Sputnik World Service, 11 December 2017
- Explainer: why the Japanese economy is stuck in a holding pattern The Conversation, 22 September 2016
- Abenomics fails to address Japan’s true woes The Conversation, 3 August 2016
- Japanese tax hikes loom large for Abenomics The Conversation, 21 February 2014
- Japan’s Abe unveils much-needed tax rises and stimulus measures The Conversation, 4 October 2013
- ‘Abenomics’: a fix for Japan’s ailing economy and a boost for Australia The Conversation, 3 April 2013