Calendrier du 06 novembre 2017
Roy Seminar (ADRES)
Du 06/11/2017 de 17:00 à 18:30
Salle R1-09, Campus Jourdan, 48 boulevard Jourdan, 75014 Paris
LAUERMANN Stephan (Bonn)
Costly Advice"
écrit avec Mehmet Ekmekci (Boston College)
Abstract
We study a scenario in which a receiver is collecting non-binding advice for a binary decision from partially informed senders who can send binary messages. This reflects situations such as non-binding voting of shareholders on a management proposal. Under complete information, the preferences of the receiver and the senders are aligned but there is a conflict of interest over the trade-off of Type I and Type II errors. Existing work shows that for many such situations, the bias prohibits the transmission of any information. Here, in contrast to this work, we consider a setting in which one of the messages is costly. For example, there are positive costs of voting but no costs of abstention. We show that informative advice is given in any equilibrium. When there are many senders, with costly advice, the outcome is equivalent to the one under complete information.
Régulation et Environnement
Du 06/11/2017 de 12:00 à 14:00
Salle R1-14, Campus Jourdan, 48 boulevard Jourdan, 75014 Paris
BOURGEON Jean-Marc ()
Green Technology Adoption and the Business Cycle
écrit avec Margot Hovsepian
Abstract :
We analyze the adoption of green technology in a dynamic economy
affected by random shocks where demand spillovers are the main driver of
technological improvements. Firms' beliefs and consumers' anticipations
drive the path of the economy. We derive the optimal policy of
investment subsidy and the expected time and likelihood of reaching a
targeted level of environmental quality under economic uncertainty. This
allows us to estimate the value that should be given to the environment
in order to avoid an environmental catastrophe as a function of the
strength of spillover effects.
Paris Game Theory Seminar
Du 06/11/2017 de 11:00 à 12:00
Salle 01 (RDC), Centre Emile Borel, Institut Henri Poincaré, 11 rue Pierre et Marie Curie, 75005 Paris
SAVANI Rahul (University of Liverpool )
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