3 papers
econ.GN2023
Bubble Economics
Tomohiro Hirano, Alexis Akira Toda
This article provides a self-contained overview of the theory of rational asset price bubbles. We cover topics from basic definitions, properties, and classical results to frontier…
econ.TH2023
Unbalanced Growth and Land Overvaluation
Tomohiro Hirano, Alexis Akira Toda
Historical trends suggest the decline in importance of land as a production factor but its continued importance as a store of value. Using an overlapping generations model with lan…
q-bio.PE2020
The Effect of Social Distancing on the Reach of an Epidemic in Social Networks
Gregory Gutin, Tomohiro Hirano, Sung-Ha Hwang +2
How does social distancing affect the reach of an epidemic in social networks? We present Monte Carlo simulation results of a capacity constrained Susceptible-Infected-Removed (SIR…