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 Microeconomic Theory Research Group are:
Events
CRETA Theory Seminar - Elia Sartori (UNINA)
Title: Screening in digital monopolies (with Pietro Dall'Ara (CSEF and Università di Napoli Federico II))
Abstract: A defining feature of digital goods is that damaging and replication are costless: once a high-quality good is produced, lower-quality versions can be created and distributed at no additional cost. This paper studies screening in markets for digital goods. Unlike in nonlinear pricing à la Mussa and Rosen (1978), production costs only depend on the highest quality supplied and are not separable across delivered qualities. A new productive inefficiency emerges: the monopolist underinvests in the highest quality compared to the efficiency benchmark. As a result, the standard “efficiency at the top”
result is weakened to distributional efficiency. The welfare comparison between monopoly and competition is ambiguous: while competition exacerbates productive inefficiency, it improves on monopoly in terms of distributional efficiency.