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Ciclo seminarios CEA-MIPP / Tibor Heumann, PUC

12:00 horas, Sala de Consejo, Beauchef 851 (4to piso).

Presenta: Tibor Heumann, profesor de la Pontificia Universidad Católica de Chile.

Tema: “The Optimality of Coarse Menus”, trabajo coautoreado por Dirk Bergemann y Stephen Morris.

Abstract

We consider a general nonlinear pricing environment with private information. We characterize the information structure that maximizes the seller’s profits. The seller who cannot observe the buyer’s willingness to pay can control both the signal that a buyer receives about his value and the selling mechanism. The optimal selling mechanism has finite items even with a continuum of types and we identify weak conditions under which the optimal mechanism has a single item. Thus the socially efficient variety of items is decreased drastically at the expense of higher revenue and lower information rents.

Organizan: Centro de Economía Aplicada (CEA) e Instituto Milenio MIPP.

Más información aquí

Contacto y confirmación asistencia: Olga Barrera / obarrera@dii.uchile.cl