Field of Research
Psychology and Economics, Industrial Organization, Microeconomic Theory
Research Topics
Psychology and Economics, Industrial Organization, Microeconomic Theory
Overview of Research
Many financial products (such as mortgages, mutual funds, and insurance products) are so complex that consumers are often inattentive to hidden fees, unsuitable qualities, or future risks. Building upon literatures on theoretical industrial organization and behavioral economics, I have investigated market outcomes, welfare effects, and policy implications when firms sell products to consumers who may misperceive the value of products. For details, please see the following papers as examples (both are accessible on my personal website):
“Inferior Products and Profitable Deception” (with Paul Heidhues and Botond Kőszegi), Review of Economic Studies, 84 (1), 323-356, 2017.
“Deception under Competitive Intermediation,” Working Paper.
I encourage OSIPP students to learn about the framework of economic theory, which helps to understand individual and market behavior.
MUROOKA, Takeshi
Associate Professor
Degree: Ph.D. in Economics (University of Calfornia, Berkeley)
murooka@osipp.osaka-u.ac.jp