Seminars in Economics

Seminars in Economics

Views Navigation

Event Views Navigation

Today

[Academic Events] Seminars in Economics Alp Atakan (Queen Mary University)

"Price Discovery in a Large Auction with Costly Information" Abstract: We study a common-value auction in which a large number of identical, indivisible object are sold to a large number of ex-ante identical bidders with unit demand. There is costly information acquisition or costly entry. We derive the limit price distribution. This allows us to…

[Academic Events] Seminars in Economics Peter Norman (UNC)

"Sequential Persuasion" Abstract This paper studies sequential move persuasion games with multiple senders. We use convex analysis to transform a problem with innite action spaces to a nite action model. This way we prove the existence of equilibria by the Zermelo-Kuhn backward induction algorithm, show that equilibrium outcomes are generically unique, and obtain a simple…

[Academic Events] Seminars in Economics Marcin Kacperczyk (Imperial College London)

"Do Foreign Investors Improve Market Efficiency?" Abstract We study the impact of foreign institutional investors on global capital allocation and welfare using firm-level international data. Using MSCI index inclusion as an exogenous shock to foreign ownership, we show that greater foreign ownership leads to more informative stock prices and this effect arises more from increased…