STICERD Economic Theory Seminars
"Auctions" by Invitation
Asher Wolinsky (Northwestern University)
Thursday 24 May 2018 15:30 - 17:00
Many of our seminars and public events this year will continue as in person or as hybrid (online and in person) events. Please check our website listings and Twitter feed @STICERD_LSE for updates.
Unless otherwise specified, in-person seminars are open to the public. Please ensure you have informed the event contact as early as possible.
Those unable to join the seminars in-person are welcome to participate via zoom if the event is hybrid.
About this event
∙ Focus is on costly recruitment of bidders - Rounding up bidders is costly - Obviously an important aspect of auction-like market situations ∙ Different issues to be discussed in the context of costly recruitment - Observability - Bidders' costly participation - Bidders' costly information acquisition. - Bidders' "excessive caution" in bidding. - Auctioneer's private information. ∙ Will use different variations on a basic auction model to highlight these different issues. ∙ The Lessons/insights include: - systematic inefficiencies. - certain effects of auctioneer's information on the price.
Economic Theory Seminars are held on Thursdays in term time at 15:30-17:00, both ONLINE and IN PERSON in SAL 3.05.
Seminar organisers: Dr Paula Ferreira Onuchic and Dr Christopher Sandmann.
For further information please contact Sadia Ali: s.ali43@lse.ac.uk.
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