Topics in Economic Theory (A1, 2018)

OYAMA Daisuke
oyama@e.u-tokyo.ac.jp

In this course, we read recent theory papers, mainly on incomplete information games, network games, and some other topics.
Participants take turns to present papers from the list (free-riding is not allowed). We do not attempt to read many papers, but rather focus on a small number of papers. Presenters should discuss the assigned paper in detail.

Papers

1. S. Morris and M. Yildiz (2016), ``Crises: Equilibrium Shifts and Large Shocks.'' (Tomita)
2. L. Mathevet, L. Perego, and I. Taneva (2017), ``On Information Design in Games.'' (Matsushita)
3. N. Inostroza and A. Pavan (2017), ``Persuasion in Global Games with Application to Stress Testing.'' (Hirasawa)
4. G. Carroll (2016), ``Informationally Robust Trade and Limits to Contagion,'' Journal of Economic Theory 166, 334-361. (Akita)
5. C. M. Leister, Y. Zenou, and J. Zhou (2017), ``Coordination on Networks.'' (Furusawa)
6. D. Bergemann, B. Brooks and S. Morris (2017), ``First-Price Auctions With General Information Structures: Implications for Bidding and Revenue,'' Econometrica 85, 107-143. (Kawahara)
7. S. Du (2018), ``Robust Mechanisms under Common Valuation,'' Econometrica 86, 1569-1588.
8. D. Bergemann, B. Brooks and S. Morris (2017), ``Informationally Robust Optimal Auction Design.''
9. B. Brooks and S. Du (2018), ``Optimal Auction Design with Common Values: An Informationally-Robust Approach.''
10. B. Golub and S. Morris (2017), ``Higher-Order Expectations.''
11. L. Dai and M. Yang (2018), ``Organizations and Coordination in a Diverse Population.''

Schedule

Slides

• Introduction (9/27)
• Review on Common Beliefs (9/27)

References

• Rubinstein, A. (1989). ``The Electronic Mail Game: Strategic Behavior under `Almost Common Knowledge','' American Economic Review 79, 385-391.
• Monderer, D. and D. Samet (1989). ``Approximating Common Knowledge with Common Beliefs,'' Games and Economic Behavior 1, 170-190.
• Kajii, A. and S. Morris (1997a). ``The Robustness of Equilibria to Incomplete Information,'' Econometrica 65, 1283-1309.
• Kajii, A. and S. Morris (1997b). ``Refinements and Higher Order Beliefs: A Unified Survey.'' [Download]

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