The Department of Mathematics & Statistics would like to welcome:
Dr. Marianna Ollar, on Friday, January 30th at 12:30 pm in SCP 222
Title: Models of Divisible Good Auctions
Abstract: This talk is an introduction of economic models of Divisible Good Auctions. In practice, these type of auctions are used to trade financial securities, agricultural quota and electricity. Information Aggregation properties of these markets are of primary interest. The talk is centered around the project ‘Shared Information Sources in Exchanges (joint with M. Rostek)’. When information is acquired through networked linkages, for example, commonly shared forecasting methodologies, then monotonicity of price informativeness might not hold. We give sufficient conditions for when is the case that larger markets better aggregate information.
WE WILL USE THE DIVISIBLE GOOD AUCTION MODEL TO DISTRIBUTE PIZZAS AMONG THE HIGHEST BIDDERS AMONG PRESENT AFTER THE TALK!