Takuo Sugaya

Takuo Sugaya
Associate Professor, Economics
Contact Info
Fletcher Jones Faculty Scholar for 2019-2020
Academic Area: 

Research Statement

Takuo Sugaya's research is in the area of Microeconomic Theory. His work in game theory examines how entities with their own objectives and information can sustain cooperation in the long term. In a recent paper, he proposes a self-enforcing mechanism that incentivizes firms to maintain collaborative relationships although they are uncertain about the information and strategic behavior of the other parties.


Takuo Sugaya is an Associate Professor of Economics at the Stanford Graduate School of Business, where he teaches Managerial Economics. His current research focuses on dynamic games - repeated games, stochastic games, and dynamic Bayesian games - and the environments in which different sides will engage in cooperative long-run relationships. Takuo received his PhD in Economics from Princeton University in 2012 and his MA in Economics and BA in International Relations from University of Tokyo.


Journal Articles

Takuo Sugaya, Alexander Wolitzky. Journal of Political Economy. December 2018, Vol. 126, Issue 6, Pages 2569-2607.
Takuo Sugaya, Alexander Wolitzky. Theoretical Economics. May 2017, Vol. 12, Issue 2, Pages 691-729.

Working Papers

Common Learning and Cooperation in Repeated Games | PDF
Yuichi Yamamoto, Takuo Sugaya, October 152019
Wait-and-See or Step in? Dynamics of Interventions | PDF
Dana Foarta, Takuo Sugaya, October 162018
Unification versus Separation of Regulatory Institutions | PDF
Dana Foarta, Takuo Sugaya, February 152017


Degree Courses


MGTECON 200 is a base-level course in microeconomics. It covers microeconomic concepts relevant to management, including the economics of relationships, pricing decisions, perfect competition and the "invisible hand," risk aversion and risk...

This course provides an introduction to the foundations of modern microeconomic theory. Topics include choice theory, with and without uncertainty, consumer and producer theory, dynamic choice and dynamic programming, social choice and efficiency...

School News

July 11, 2012
Award-winning economist Susan Athey, noted econometrician Guido Imbens, corporate finance expert Joshua Rauh, and others to join Stanford GSB faculty.