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24.01. Micro Theory Seminar: Takuro Yamashita

Micro Theory Seminar with Takuro Yamashita (Toulouse School of Economics)

Event details
What
  • Micro Theory Seminar
When Jan 24, 2018
from 16:30 to 17:45
Where faculty room
Contact Name Stephan Lauermann
Contact Email
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Topic

Splitting problem applied to Bayesian persuasion and mechanism design with externalities

 

Abstract

A splitting problem is a problem of dividing possibly heterogenous objects into different groups. For example, (i) a seller of an object, say a used car with uncertain quality, may provide partial or noisy evidence about its quality (whereby cars with different qualities may be "grouped together") in order to maximize his expected profit; or (ii) a public authority may divide a mass of students with different ability levels into a number of schools in order to control the schools' peer effect and maximize their total attainment. The optimal splitting is characterized under certain conditions, and its "natural" implementation by monotone policies is presented. 
 


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