Publicação
Three essays in applied microeconomic theory
| Resumo: | In this thesis, I write about the theory of contracts and auctions. In the fi rst two chapters, I study the principal-agent relationship with moral hazard. The fi rst chapter focuses on the matching between principals and agents, while the second analyzes the implications of the agent having a chance to x a potential bad outcome before it is revealed to the principal. Finally, in the third chapter, my coauthor and I model fi rst-price sealed-bid auctions, from an ex-ante perspective, to help bidders prepare bids in practice. We study how asymmetries in valuation, information, and sophistication of rivals affect the optimal strategy. |
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| Autores principais: | Fagandini, Paulo |
| Assunto: | Asymmetric Information Moral Hazard Matching Auctions |
| Ano: | 2018 |
| País: | Portugal |
| Tipo de documento: | tese de doutoramento |
| Tipo de acesso: | acesso aberto |
| Instituição associada: | Universidade Nova de Lisboa |
| Idioma: | inglês |
| Origem: | Repositório Institucional da UNL |
| Resumo: | In this thesis, I write about the theory of contracts and auctions. In the fi rst two chapters, I study the principal-agent relationship with moral hazard. The fi rst chapter focuses on the matching between principals and agents, while the second analyzes the implications of the agent having a chance to x a potential bad outcome before it is revealed to the principal. Finally, in the third chapter, my coauthor and I model fi rst-price sealed-bid auctions, from an ex-ante perspective, to help bidders prepare bids in practice. We study how asymmetries in valuation, information, and sophistication of rivals affect the optimal strategy. |
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