Events
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Week of Events
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[Academic Events] Seminars in Economics POSTPONED: Andrea Berardi (University of Venice)
[Academic Events] Seminars in Economics POSTPONED: Andrea Berardi (University of Venice)
"Convexity dominates risk premia in long-term forward rates"
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[Academic Events] Seminars in Economics POSTPONED: Yingni Guo (Northwestern)
[Academic Events] Seminars in Economics POSTPONED: Yingni Guo (Northwestern)
"Robust Monopoly Regulation" Abstract: We study the regulation of a monopolistic firm using a non-Bayesian approach. We derive the policy that minimizes the regulator’s worst-case regret, where regret is the difference between the regulator’s complete-information payoff and his realized payoff. When the regulator’s payoff is consumers’ surplus, he imposes a price cap. When his payoff…