שלחו לחבר

Optimal Pricing by a Risk-Averse Seller

Speaker
Tomer Siedner
Date
20/10/2020 - 13:00 - 11:30
Place
Faculty Lounge of the Economics Building
Affiliation
Hebrew University of Jerusalem
Abstract

Abstract:

We consider the basic setup of one seller, one buyer, and one good, where the seller is risk averse, and characterise 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.

Recording: To view the seminar recording, click here.

תאריך עדכון אחרון : 03/11/2020