Presented By: Department of Economics
Econometrics: Optimal Multi-Dimensional Mechanisms.
Alexey Kushnir, Carnegie Mellon University
Abstract: We characterize the properties of optimal selling mechanisms for the multiple-good auction and monopoly problems. In particular, for the uniform distribution of agent types, we show that the participation region is the same for auction and monopoly problems. We also compute the allocation in the optimal selling mechanism in the auction setting. Analytically, we derive the optimal selling mechanism for several other examples of the monopolistic screening model.
* To join the seminar, please contact at econ.events@umich.edu
* To join the seminar, please contact at econ.events@umich.edu
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