- Date23 September 2022
- Time 11h00 - 12h30
- Room Auditorium 5
Abstract
A group of principals collectively and dynamically screens an agent. The principals hold heterogeneous and evolving values from the relationship. At each date, they use a collective decision rule to determine a joint offer to the agent; the principals may also amend the procedures governing how their joint offer is chosen. Our main result shows how groups of principals voluntarily and permanently concentrate decision-making authority in a single principal. It shows that every equilibrium sequence of procedures converges to the dictatorship of a single principal. (joint with Peter Buisseret, Harvard University)
Other seminars
Past
Tax Evasion, Exclusionary Practices, and Competition Policy
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Seminar
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Industrial Organization seminar
Public Economics Seminar
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Date 9 September 2026
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Place Auditorium 4
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Speaker or organiser Martin Besfamille (Pontifica Universidad Catolica de Chile)
Details
Past
Dying Better: Hospice Care and the End of Life
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Seminar
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Public Economics Seminar
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Date 11 December 2025
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Place Auditorium 4
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Speaker or organiser Yunan Ji
Details
Past
Competition and Innovation: The Breakup of IG Farben
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Seminar
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Public Economics Seminar
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Date 5 December 2025
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Place Auditorium 4
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Speaker or organiser Felix Poege
Details