演講者簡介 : Professor Välimäki received his Ph.D. in Economics from University of Pennsylvania in 1996. He is currently a Professor of Economics at Aalto University. His research fields are microeconomic theory, game theory, and economics of information.
演講摘要 : Resource allocation and decision making is often based on a contest where the interested parties expend effort to secure a desirable outcome. In contrast to markets and standard auctions, the cost is sunk rather than conditional on the outcome. In this talk, we discuss the effects of incomplete information on the equilibrium outcomes of contests with a special emphasis on the role of correlated information.
