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STICERD Economic Theory Seminars

"Auctions" by Invitation

Asher Wolinsky (Northwestern)

Thursday 24 May 2018 15:30 - 17:00

Due to the onging coronavirus outbreak, many of our seminars and public events this year will continue as online seminars. Please check our website listings and Twitter feed @STICERD_LSE for updates.


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, ONLINE, unless specified otherwise.

Seminar organisers: Dr Andrew Ellis and Dr Francesco Nava.

For further information please contact Annie-Rose Nicholas by email: a.nicholas1@lse.ac.uk.

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