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SHIMIZU TakashiProfessor


Office hours

Please make an appointment in advance.


Research Interest
  1. Theoretical and experimental approach to monetary search models
  2. Strategic information transmission and its application to the economics of organization
Education and Positions
  • Education:
  • Ph.D. (Economics): University of Tokyo, February 2001.
  • M.A. (Economics): University of Tokyo, March 1996.
  • B.A. (Economics: Waseda University, March 1994.

  • Position:
  • · Graduate School of Economics, Kobe University Professor, April 2015 - present.
  • · Faculty of Economics, Kansai University, Professor, April 2012 -March 2015.
      Associate Professor, April 2005 - March 2012.
      Lecturer, April 2004 - March 2005.
  • · Graduate School of Economics, Hitotsubashi University, Lecturer, April 2002 - March 2003.
  • · Graduate School of Economics, University of Tokyo, Research Assistant, April 2000 - March    2001.
Lectures and Seminars

Lectures (Undergraduate)
Game Theory: This class teaches the undergraduate level of game theory. The main goal is to understand the fundamental ideas of game theory and acquire the skills to solve problems.

Mathematics for Economics I: This class, together with 'Mathematics for Economics II', teaches mathematics that is required for studying economics. The main goal is to acquire the skill to do elementary calculations and solve basic economic problems.


Lectures (Graduate)
No lecture offered this year


Seminars (Undergraduate)
Obtain the skills to apply the basic ideas of game theory to the issues you are intersted in by doing group works and writing a thesis.


Seminars (Graduate)
Write academic papers on microeconomics. As a preparation of it, you should make a presentation on the seminal papers you are intersted in.


Main Publications

1. "Cheap Talk when the Receiver Has Uncertain Information Sources," with Junichiro Ishida, Economic Theory, forthcoming.

2. "Cheap Talk with an Exit Option: A Model of Exit and Voice," International Journal of Game Theory, 46(4): 1071-1088, 2017.

3. "Cheap Talk with an Informed Receiver," with Junichiro Ishida, Economic Theory Bulletin, 4(1), 61-72, 2016.

4. "Cheap Talk with an Exit Option: The Case of Discrete Action Space," Economics Letters, 120(3): 397-400, 2013.

5. "Dynamic Auction Markets with Fiat Money," with Kazuya Kamiya, Journal of Money, Credit and Banking, 45(2-3): 349-378, 2013.

6. "Stationary Monetary Equilibria with Strictly Increasing Value Functions and Non-Discrete Money Holdings Distributions: An Indeterminacy Result," with Kazuya Kamiya, Journal of Economic Theory, 146(5), 2140-2150, 2011.

7. "Existence of Equilibria in Matching Models of Money: A New Technique," with Kazuya Kamiya, Economic Theory, 32(3), 447-460, 2007.

8. "On the Role of Tax-Subsidy Scheme in Money Search Models," with Kazuya Kamiya, International Economic Review, 48(2), 575-606, 2007.

9. "Real Indeterminacy of Stationary Equilibria in Matching Models with Divisible Money," with Kazuya Kamiya, Journal of Mathematical Economics, 42(4-5), 594-617, 2006.

10. "On the Existence of Single-Price Equilibria in a Matching Model with Divisible Money and Production Cost," with Kazuya Kamiya and Noritsugu Morishita, International Journal of Economic Theory, 1(3), 219-231, 2005.

11. "A Theory of Money and Marketplaces," with Akihiko Matsui, International Economic Review, 46(1), 35-59, 2005.

12. Search Theory: The Economics of Decentralized Trade, with Ryoichi Imai, Noritaka Kudo, and Masaru Sasaki, University of Tokyo Press, 2007 (in Japanese).
Directory of Researchers in Kobe University

Directory of Researchers in Kobe University