Четверг, 04 марта в
16.30 в ауд. Ж-822 (Покровский бульвар, 11).
Докладчик: Мартин
Янсен (Университет Вены)
Тема доклада:
"Oligopolistic Markets with Sequential Search and Asymmetric
Information"
В четверг,
04 марта в
16.30 в ауд. Ж-822 (Покровский бульвар, 11) состоится
научный семинар МИЭФ.
Докладчик: Мартин
Янсен (Университет Вены)
Тема доклада:
"Oligopolistic Markets with Sequential Search and Asymmetric
Information"
Abstract: A
large variety of markets, such as retail markets for gasoline or
mortgage markets, are characterized by firms offering a fairly
homogenous product at virtually the same cost. The present paper
provides a theoretical examination of this type of market by developing a
sequential search model with incomplete information where consumers are
uninformed about the underlying production cost. We characterize a
perfect Bayesian equilibrium in which consumers follow reservation price
strategies and provide a sufficient condition when such an equilibrium
exists. Firms strategically exploit consumers being uninformed about
their production cost, and set on average higher prices compared to the
standard complete information model. The importance of asymmetric
information vanishes, however, when the number of firms becomes very
large. Further, we find that expected prices and consumer welfare might
be non–monotonic in the number of firms.
Рабочий язык семинара - английский.
Приглашаются все желающие.
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оформления пропуска в ГУ-ВШЭ свяжитесь с нами:
по тел.
772-95-90*2259
e-mail: ksanzharovskaya@hse.ru
Контактное
лицо: Санжаровская Ксения