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Since December 1st till March 31 you can apply to our programs:
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Entry requirements are:
- BA / MA degree or equivalent
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- Solid background in mathematics
- Previous education in economics is recommended
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- Curriculum vitae
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- Proof of English proficiency level
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For more information please see sections: How to apply to MER or How to apply to PhD
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10:00 | For Study Applicants CZ
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Have Questions About Our Master's Program?
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Join us for consultations every Wednesday from 10:00 AM to 12:00 PM (CET).
You can meet with us in person at Politických vězňů 7, Prague 1, office 307,
or connect online at https://cesnet.zoom.us/my/cerge.
We're here to help you every step of the way!
10:45 | Místnost 6 | Micro Theory Research Seminar CZ
Tel Aviv University, Israel
University College London, England
Authors: Ran Spiegler, Yair Antler
Abstract: In an adversely selective market model, products generate state dependent potential hidden charges and firms have differential abilities to realize this exploitative potential. Unlike firms, consumers do not observe the state. They try to infer hidden charges from headline prices, using idiosyncratic subjective models. An interior competitive equilibrium is uniquely characterized by what is formally a Bellman equation. Relative to rational expectations, equilibrium add-on charges are lower whereas the total price and social welfare are higher. Market responses to shocks display patterns that are impossible under rational expectations. For example, although fully revealing, equilibrium prices can vary with consumers’ private information.
Full Text: Competitive Markets with Imperfectly Discerning Consumers
