Microeconomics Theory Seminar Series | Are Myersonian Common Knowledge Events Common Knowledge? by Metin Uyanik
Invites you to a
Microeconomics Theory seminar presented by
(University of Queensland)
Are Myersonian Common Knowledge Events Common Knowledge?
Hülya Eraslan (Rice University)
M Ali Khan (John Hopkins University)
Selçuk Özyurt (York University)
Tuesday 6 September
4.00pm – 5.00pm
Via Zoom: Meeting Link
Abstract: This paper presents a microfoundation for the belief-based common knowledge concept proposed by Holmström and Myerson (1983) and further refined by Myerson (1997), by showing its equivalence to the hierarchical description of common knowledge, agent i knows that j knows that . . . knows event E. Moreover, it provides a useful algorithm to find common knowledge events. It also provides applications on the core under incomplete information based on different common knowledge concepts.