Events at CERGE-EI
Friday, 9 March, 2012 | 16:30 | Micro Theory Research Seminar
Dr. Tymofiy Mylovanov: “Mechanism design by an informed principal: the quasi-linear private-values case”
University of Pennsylvania, Philadelphia, PA, USA
Authors: Tymofiy Mylovanov and Thomas Trőger
Abstract: We study the problem of mechanism design by an informed party in private value environments with transferrable utility. We show that, at the interim stage, it is optimal for the proposing party to offer a mechanism that would also be optimal for her ex ante, that is, before she has obtained her private information.
Full Text: “Mechanism design by an informed principal: the quasi-linear private-values case”
