Microeconomic Theory
Microeconomic Theory
The Department of Economics at the University of Warwick has an active Microeconomic Theory Research Group, with a weekly external seminar, a weekly internal workshop, and high quality PhD students. We also organise international conferences on campus, or in Venice.
Our activities
CRETA Seminars in Economic Theory
Wednesday: 4-5.30pm
Since its creation in 2006, CRETA has run a seminar series with external and internal talks on economic theory and applications. For a detailed scheduled of speakers please follow the link below:
Organisers: Daniele Condorelli and Costas Cavounidis
Micro Theory Work in Progress (MIWP) Workshop
Thursday: 1-2pm
For faculty and PhD students at Warwick and other top-level academic institutions across the world. For a detailed scheduled of speakers please follow the link below.
Organiser: Agustin Troccoli-Moretti
People
Academics
Academics associated with the Reseach Group Name research group are:
Events
CRETA Seminar - Larry Samuelson (Yale)
Title: Delegated Bidding
Abstract: We study an interaction in which principals must hire agents
to bid in an auction. The agents can exert unobserved and costly effort
to collect information about the value of the object. The optimal remuneration
scheme must induce the agents to exert effort and then appropriately
condition their bids on their information. The principals thus face
a competing-mechanisms problem with interdependence valuations among
the agents. We identify conditions under which the principals’ mechanismchoice
game has a pure equilibrium. We characterize the distortions induced
in the agents’ bidding schemes by the principals’ efforts to reduce the agents’
rents, and characterize circumstances under which these distortions induce
overbidding.