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DTSTART:20180325T010000
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DTSTART:20181028T010000
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DTSTART;TZID=Europe/Helsinki:20181003T001500
DTEND;TZID=Europe/Helsinki:20181003T133000
DTSTAMP:20260713T144044
CREATED:20181003T095114Z
LAST-MODIFIED:20181003T095114Z
UID:12122-1538525700-1538573400@crest.science
SUMMARY:Anastasios DOSIS (ESSEC) - "On the Informed Principal Model with Common Values"
DESCRIPTION:  \n\nThe Microeconimics Seminar: \nTime: 12:15 pm – 1:30pm\nDate: 3rd October 2018\nPlace: Room 3001.\nAnastasios DOSIS (ESSEC) – “On the Informed Principal Model with Common Values” \nAbstract: \nThis paper reconsiders the general informed principal model with unilateral private information and common values and makes the following contributions. First\, it provides a useful property of the Rothschild-Stiglitz-Wilson (RSW) allocation. Based on this property\, an alternative\, more robust\, and perhaps simpler\, proof of Theorem 1 (i.e.\, the main result) of Maskin and Tirole (1992) is constructed. Second\, it shows that if the principal is restricted to offering mechanisms in which only she makes announcements (e.g.\, direct revelation mechanisms)\, then the conclusion of Theorem 1 holds even in environments in which the RSW allocation is not interim efficient relative to any non-degenerate beliefs. Finally\, it provides a weaker than the no-tangency condition that allows for the complete characterisation of the set of equilibrium allocations.\n \n\nOrganizers:\nRoxana Fernandez Machado (CREST)\, Marie Laure Allain (CREST)\, and Pierre Boyer (CREST)\nSponsors:\nCREST\nLunch registration:\nfood provided\, no registration needed\n\n  \n
URL:https://crest.science/event/reda-aboutajdine-crest-should-i-stalk-or-should-i-go-an-auditing-exploration-exploitation-dilemma-2/
LOCATION:3001
CATEGORIES:Microeconomics
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