Professor Takashi Hayashi

Professor in Economics (Economics)

telephone: 0141 330 8085
email: Takashi.Hayashi@glasgow.ac.uk

307E ASBS North Gilbert Scott Building, University Avenue, Glasgow, G12 8QQ

Biography

I finished my PhD at the University of Rochester in 2004, and held a position at the University of Texas at Austin before joining the University of Glasgow.
My research interest is decision making under uncertainty and over time, both individual and collective. In particular, I am interested in axiomatically characterize how an individual or a group of individuals does or should make decisions consistently or inconsistently.

Research interests

Takashi is a member of the Microeconomics research cluster.

Areas of Expertise:

Microeconomic theory
Decision theory
Social choice
Welfare economics

Publications

List by: Type | Date

Jump to: 2024 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2003 | 2000

Number of items: 45.

2024

Hayashi, Takashi ORCID: https://orcid.org/0000-0002-3484-7379 (2024) Belief aggregation, updating and dynamic collective choice. Journal of Mathematical Economics, 115, 103050. (doi: 10.1016/j.jmateco.2024.103050)

Hayashi, Takashi ORCID: https://orcid.org/0000-0002-3484-7379, Kiguchi, Noriaki and Takeoka, Norio (2024) Temptation and self-control for the impure benevolent planner: The case of heterogeneous discounting. Journal of Public Economic Theory, 26(1), e12674. (doi: 10.1111/jpet.12674)

2022

Hayashi, Takashi ORCID: https://orcid.org/0000-0002-3484-7379 and Takeoka, Norio (2022) Habit formation, self-deception, and self-control. Economic Theory, 74(2), pp. 547-592. (doi: 10.1007/s00199-022-01445-1)

Hayashi, Takashi ORCID: https://orcid.org/0000-0002-3484-7379 (2022) Envy-free solution under unequal labour skills. Communications in Economics and Mathematical Sciences, 1, pp. 23-37. (doi: 10.50906/cems.1.0_23)

2021

Hanaki, Nobuyuki, Hayashi, Takashi ORCID: https://orcid.org/0000-0002-3484-7379, Lombardi, Michele ORCID: https://orcid.org/0000-0002-8613-053X and Ogawa, Kazuhito (2021) Partial equilibrium mechanism and inter-sectoral coordination: an experiment. Journal of Economic Behavior and Organization, 190, pp. 366-389. (doi: 10.1016/j.jebo.2021.07.038)

Hayashi, Takashi ORCID: https://orcid.org/0000-0002-3484-7379 and Lombardi, Michele ORCID: https://orcid.org/0000-0002-8613-053X (2021) Social discount rate: spaces for agreement. Economic Theory Bulletin, 9(2), pp. 247-257. (doi: 10.1007/s40505-021-00209-9)

Hayashi, Takashi ORCID: https://orcid.org/0000-0002-3484-7379 (2021) Collective decision under ignorance. Social Choice and Welfare, 57(2), pp. 347-359. (doi: 10.1007/s00355-021-01320-3)

2020

Chambers, Christopher P. and Hayashi, Takashi ORCID: https://orcid.org/0000-0002-3484-7379 (2020) Can everyone benefit from economic integration? Journal of Public Economic Theory, 22(3), pp. 821-833. (doi: 10.1111/jpet.12420)

Chambers, Christopher P. and Hayashi, Takashi ORCID: https://orcid.org/0000-0002-3484-7379 (2020) Can everyone benefit from innovation? Journal of Mathematical Economics, 88, pp. 187-191. (doi: 10.1016/j.jmateco.2020.02.001)

Hayashi, Takashi ORCID: https://orcid.org/0000-0002-3484-7379 (2020) Strategy-proofness and efficiency in a labour production economy with unequal skills. Japanese Economic Review, 71(2), pp. 221-232. (doi: 10.1111/jere.12222)

Hayashi, Takashi ORCID: https://orcid.org/0000-0002-3484-7379 (2020) Investment in time preference and long-run distribution. Japanese Economic Review, 71, pp. 171-190. (doi: 10.1007/s42973-019-00021-y)

2019

Hayashi, Takashi ORCID: https://orcid.org/0000-0002-3484-7379 (2019) What should society maximise under uncertainty? Japanese Economic Review, 70(4), pp. 446-478. (doi: 10.1111/jere.12230)

Hayashi, Takashi ORCID: https://orcid.org/0000-0002-3484-7379 (2019) Self-fulfilling regression and statistical discrimination. International Journal of Economic Theory, 15(3), pp. 289-295. (doi: 10.1111/ijet.12190)

Hayashi, Takashi ORCID: https://orcid.org/0000-0002-3484-7379 and Lombardi, Michele ORCID: https://orcid.org/0000-0002-8613-053X (2019) Constrained implementation. Journal of Economic Theory, 183, pp. 546-567. (doi: 10.1016/j.jet.2019.06.007)

Hayashi, Takashi ORCID: https://orcid.org/0000-0002-3484-7379 and Lombardi, Michele ORCID: https://orcid.org/0000-0002-8613-053X (2019) One-step-ahead implementation. Journal of Mathematical Economics, 83, pp. 110-126. (doi: 10.1016/j.jmateco.2019.04.007)

Hayashi, Takashi ORCID: https://orcid.org/0000-0002-3484-7379 and Lombardi, Michele ORCID: https://orcid.org/0000-0002-8613-053X (2019) Fair social decision under uncertainty and belief disagreements. Economic Theory, 67(4), pp. 775-816. (doi: 10.1007/s00199-017-1097-1)

2018

Chambers, Christopher P. and Hayashi, Takashi ORCID: https://orcid.org/0000-0002-3484-7379 (2018) Reverse Bayesianism: a comment. American Economic Journal: Microeconomics, 10(1), pp. 315-324. (doi: 10.1257/mic.20160187)

2017

Chambers, Christopher P. and Hayashi, Takashi ORCID: https://orcid.org/0000-0002-3484-7379 (2017) Resource allocation with partial responsibilities for initial endowments. International Journal of Economic Theory, 13(4), pp. 355-368. (doi: 10.1111/ijet.12133)

Chambers, Christopher P. and Hayashi, Takashi ORCID: https://orcid.org/0000-0002-3484-7379 (2017) Gains from trade. International Economic Review, 58(3), pp. 923-942. (doi: 10.1111/iere.12240)

Hayashi, Takashi ORCID: https://orcid.org/0000-0002-3484-7379 and Lombardi, Michele ORCID: https://orcid.org/0000-0002-8613-053X (2017) Implementation in partial equilibrium. Journal of Economic Theory, 169, pp. 13-34. (doi: 10.1016/j.jet.2017.01.008)

2016

Hayashi, Takashi ORCID: https://orcid.org/0000-0002-3484-7379 (2016) Consistent updating of social welfare functions. Social Choice and Welfare, 46(3), pp. 569-608. (doi: 10.1007/s00355-015-0929-9)

2014

Hayashi, Takashi ORCID: https://orcid.org/0000-0002-3484-7379 (2014) Consumer surplus analysis under uncertainty: a general equilibrium perspective. Journal of Mathematical Economics, 55, pp. 154-164. (doi: 10.1016/j.jmateco.2014.02.001)

Chambers, Christopher P. and Hayashi, Takashi ORCID: https://orcid.org/0000-0002-3484-7379 (2014) Preference aggregation with incomplete information. Econometrica, 82(2), pp. 589-599. (doi: 10.3982/ECTA11612)

2013

Hayashi, Takashi ORCID: https://orcid.org/0000-0002-3484-7379 (2013) Smallness of a commodity and partial equilibrium analysis. Journal of Economic Theory, 148(1), pp. 279-305. (doi: 10.1016/j.jet.2012.12.017)

2012

Chambers, C.P. and Hayashi, T. ORCID: https://orcid.org/0000-0002-3484-7379 (2012) Money-metric utilitarianism. Social Choice and Welfare, 39(4), pp. 809-831. (doi: 10.1007/s00355-011-0554-1)

Hayashi, T. ORCID: https://orcid.org/0000-0002-3484-7379 (2012) Expanding state space and extension of beliefs. Theory and Decision, 73(4), pp. 591-604. (doi: 10.1007/s11238-012-9302-y)

Hayashi, T. ORCID: https://orcid.org/0000-0002-3484-7379 (2012) Imprecise information and subjective belief. International Journal of Economic Theory, 8(1), pp. 101-114. (doi: 10.1111/j.1742-7363.2011.00177.x)

Chambers, C.P. and Hayashi, T. ORCID: https://orcid.org/0000-0002-3484-7379 (2012) Choice and individual welfare. Journal of Economic Theory, 147(5), pp. 1818-1849. (doi: 10.1016/j.jet.2012.01.013)

Hayashi, T. ORCID: https://orcid.org/0000-0002-3484-7379 (2012) Macroeconomics: An Introduction to Dynamic General Equilibrium Theory. Minerva Shobo: Kyoto, Japan.

Hayashi, T. ORCID: https://orcid.org/0000-0002-3484-7379 and Yoshimoto, H. ORCID: https://orcid.org/0000-0001-9514-2711 (2012) Risk- & Regret-Averse Bidders in Sealed-Bid Auctions. Working Paper. University of Glasgow, Glasgow, UK. (Unpublished)

2011

Hayashi, T. ORCID: https://orcid.org/0000-0002-3484-7379 and Miao, J. (2011) Intertemporal substitution and recursive smooth ambiguity preferences. Theoretical Economics, 6(3), pp. 423-472. (doi: 10.3982/TE843)

Hayashi, T. ORCID: https://orcid.org/0000-0002-3484-7379 (2011) Context dependence and consistency in dynamic choice under uncertainty: the case of anticipated regret. Theory and Decision, 70(4), pp. 399-430. (doi: 10.1007/s11238-009-9175-x)

2010

Chambers, C.P. and Hayashi, T. ORCID: https://orcid.org/0000-0002-3484-7379 (2010) Bayesian consistent belief selection. Journal of Economic Theory, 145(1), pp. 432-439. (doi: 10.1016/j.jet.2009.07.001)

Hayashi, T. ORCID: https://orcid.org/0000-0002-3484-7379 and Wada, R. (2010) Choice with imprecise information: an experimental approach. Theory and Decision, 69(3), pp. 355-373. (doi: 10.1007/s11238-008-9119-x)

2009

Hayashi, T. ORCID: https://orcid.org/0000-0002-3484-7379 (2009) Stopping with anticipated regret. Journal of Mathematical Economics, 45(7-8), pp. 479-490. (doi: 10.1016/j.jmateco.2009.03.011)

Hayashi, T. ORCID: https://orcid.org/0000-0002-3484-7379 and Sakai, T. (2009) Nash implementation of competitive equilibria in the job-matching market. International Journal of Game Theory, 38(4), pp. 453-467. (doi: 10.1007/s00182-009-0163-8)

2008

Gajdos, T., Hayashi, T. ORCID: https://orcid.org/0000-0002-3484-7379, Tallon, J.-M. and Vergnaud, J.-C. (2008) Attitude toward imprecise information. Journal of Economic Theory, 140(1), pp. 27-65. (doi: 10.1016/j.jet.2007.09.002)

Hayashi, T. ORCID: https://orcid.org/0000-0002-3484-7379 (2008) A note on small income effects. Journal of Economic Theory, 139(1), pp. 360-379. (doi: 10.1016/j.jet.2007.07.003)

Hayashi, T. ORCID: https://orcid.org/0000-0002-3484-7379 (2008) Regret aversion and opportunity dependence. Journal of Economic Theory, 139(1), pp. 242-268. (doi: 10.1016/j.jet.2007.07.001)

Hayashi, T. ORCID: https://orcid.org/0000-0002-3484-7379 (2008) Expected utility theory. In: Darity, W.A. (ed.) International Encyclopedia of the Social Sciences. Macmillan Reference: Detroit, USA. ISBN 9780028659657

2007

Hayashi, T. ORCID: https://orcid.org/0000-0002-3484-7379 (2007) Microeconomics [in Japanese]. Minerva Shobo: Kyoto, Japan.

2006

Chambers, C.P. and Hayashi, T. ORCID: https://orcid.org/0000-0002-3484-7379 (2006) Preference aggregation under uncertainty: Savage vs. Pareto. Games and Economic Behavior, 54(2), pp. 430-440. (doi: 10.1016/j.geb.2005.01.003)

2005

Hayashi, T. ORCID: https://orcid.org/0000-0002-3484-7379 (2005) Intertemporal substitution, risk aversion and ambiguity aversion. Economic Theory, 25(4), pp. 933-956. (doi: 10.1007/s00199-004-0508-2)

2003

Hayashi, T. ORCID: https://orcid.org/0000-0002-3484-7379 (2003) Quasi-stationary cardinal utility and present bias. Journal of Economic Theory, 112(2), pp. 343-352. (doi: 10.1016/S0022-0531(03)00095-4)

2000

Urai, K. and Hayashi, T. ORCID: https://orcid.org/0000-0002-3484-7379 (2000) A generalization of continuity and convexity conditions for correspondences in economic equilibrium theory. Japanese Economic Review, 51(4), pp. 583-595. (doi: 10.1111/1468-5876.00172)

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