UPCOMING SEMINAR: MICRO-EXPERIMENT
Place: A1712 Science Building (理科大楼) Time: 15:00-16:30, May 11 (Friday), 2018 Auctions and Leaks: A Theoretical and Experimental Investigation (joint with Sven Fischer, Werner Guth and Ro'i Zultan) Abstract: In first- and second-price private value auctions with sequential bidding, second movers may discover the first movers' bid. Equilibrium behavior in the first-price auction is mostly unaffected but there are multiple equilibria in the second-price auction. Consequently, comparative statics across price rules are equivocal. Experimentally, leaks in the first-price auction favor second movers but harm first movers and sellers, as theoretically predicted. Low to medium leak probabilities eliminate the usual revenue dominance of first- over second-price auctions. With a high leak probability, second-price auctions generate significantly more revenue. |
Speaker: Todd Kaplan, Exeter
Todd Kaplan has been a faculty member of Business School at Exeter, UK, since 2000. Before that, he was a lecturer at Ben-Gurion University. He has received grants from the Nuffield Foundation, British Academy, ESRC, Leverhulme Foundation and the Israeli Science Foundation. He was a co-winner for the Economics Network 2009 e-learning award for developing teaching resources in a grant from HEFCE. His current duties include being the co-director of FEELE laboratory for experimental economics.
Dr. Kaplan received his Ph.D and M.A. from Minnesota, after he earned his B.S. from Caltech. His work appeared in top journals, such as RAND, International Economic Review, Games and Economic Behavior, etc. He also contributes to the Chapter "Advances in Auctions" in Handbook of Game Theory (vol.4), together with Shmuel Zamir. Click here to know more about Dr. Kaplan's talk on May 11, A1712 Science Building (理科大楼)! |
2018 Spring Seminar Schedule (always updating!)
March 13, 2018 ECNU Industrial Organization and Behavioral Economics Workshop
March 21, Jingjing Zhang (UTS), Experiment March 29, Jun Nakabayashi (Kindai), Empirical IO April 18, Jun Zhang (UTS), Micro Theory April 19, Xiaodong Zhu (Toronto), Macro April 25, Kohei Kawaguchi (HKUST), Empirical IO May 11, Todd Kaplan (Exeter), Experiment May, Guofu Tan (U of Southern California), Theoretical IO May 16, Xiaoyan Fan (Fudan), Macro May 17, Pengfei Wang (HKUST), Macro May 31,Yasutora Watanabe (Amazon, UTokyo), Empirical IO June 6, Yan Bai (Rochester), Macro June 13, Lei Fang (Fed-Atlanta), Macro June 19, Bo Chen (Southern Methodist), Micro Theory June 20, Liang Wang (Hawaii), Macro June 28, Huan Xie (Concordia), Experiment June or July, Fei Song (Ryerson), Organizational Behaviour June or July, Bram Cadsby (Guelph), Experiment |
Schedule a meeting with the speaker? |
If no enough slots, we will usually first fulfill the orders from the faculty members and students of ECNU-FEM. There are 15-minute slots and 30-minute slots, so please reserve the slot best for you and others.
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