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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

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Events

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CRETA Seminar - Xiaosheng Mu (Princeton)

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Location: S2.79

Title: Privacy Preserving Auctions (with Ran Eilat and Kfir Eliaz)

Abstract: In many acution settings the auctioneer must disclose the identity of the winner and the price he pays. We characterize the auction that minimizes the winner's privacy loss among those that maximize total surplus or the seller's revenue, and are strategy-proof. Privacy loss is measured with respect to what an outside observer learns from the disclosed price, and is quantified by the mutual information between the price and the winner's willingness to pay. When only interim individual-rationality is required, the most privacy preserving auction involves stochastic ex-post payments. Under ex-post individual rationality, and assuming the bidders' type distribution exhibits a monotone hazard rate, privacy loss is minimized by the second-price auction with deterministic payments.

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