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 - Ian Ball (MIT)
Title: Quota Mechanisms: Limitations and Robustness (with Deniz Kattwinkel).
Abstract: Quota mechanisms are commonly used within organizations to elicit private information when agents face multiple decisions and monetary transfers are infeasible. As the number of decisions grows large, quotas asymptotically implement the same set of social choice rules as do monetary transfers. We analyze the robustness of quota mechanisms to misspecified beliefs. To set the correct quota, the designer must have precise knowledge of the environment. We show that only trivial social choice rules can be implemented by quota mechanisms in a prior-independent way. Next, we bound the error that results when the quota does not match the true type distribution. Finally, we show that in a multi-agent setting, quotas are robust to misspecification of the agents' beliefs about each other. Crucially, the quota makes the distribution of reports common knowledge.