Game Theory and Mathematical Economics Research Seminar

 

Lecturer: 

Prof. Sergiu Hart (Hebrew University)

Title: 

Two(!) Good To Be ... Monotonic

Abstract: 

Selling multiple goods is a notoriously difficult problem. Inter alia, the following *non-monotonicity* phenomenon has been exhibited by Hart and Reny (2015): the willingness to pay of the buyer increases but the maximal revenue that the seller can extract decreases. We will show, first, that this effect is significant, and, second, that there is no way for the seller to mitigate it.

Location: 

Eilan Hall, Feldman Building, Second Floor, Edmond Safra Campus.