Theory Seminar: Tomer Siedner (Hebrew University of Jerusalem) – School of Economics Theory Seminar: Tomer Siedner (Hebrew University of Jerusalem) – School of Economics

Theory Seminar: Tomer Siedner (Hebrew University of Jerusalem)

The School of Economics invites you to a Theory seminar by Tomer Siedner (Hebrew University of Jerusalem).

Optimal Pricing by a Risk-Averse Seller

Abstract

We consider the basic setup of one seller, one buyer, and one good, where the seller is risk averse, and characterize the mechanism that maximizes the seller’s expected utility. In contrast to the risk-neutral case, where a single deterministic price is optimal, we show that in the risk averse case the optimal mechanism consists of a continuum of lotteries.

Date

Oct 25 2019
Expired!

Time

4:00 pm - 5:30 pm

Location

Room 341
Social Sciences Building (A02)
Category

Organizer

Dave Mc Manamon
Phone
93514587
Email
dave.mcmanamon@sydney.edu.au

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