Economics Webinar - Persuasion and Matching: Optimal Productive Transport

3:00pm - 4:30pm
Online via Zoom

We consider general Bayesian persuasion problems where the receiver’s utility is single-peaked in a one-dimensional action. We show that a signal that pools at most two states in each realization is always optimal, and that such pairwise signals are the only solutions under a non-singularity condition (the twist condition). Our core results provide conditions under which riskier prospects induce higher or lower actions, so that the induced action is single-dipped or single-peaked on each set of nested prospects. We also provide conditions for the optimality of either full disclosure or negative assortative disclosure, where all prospects are nested. Methodologically, our results rely on novel duality and complementary slackness theorems. Our analysis extends to a general problem of assigning one-dimensional inputs to productive units, which we call optimal productive transport. This problem covers additional applications including club economies (assigning workers to firms, or students to schools), robust option pricing (assigning future asset prices to price distributions), and partisan gerrymandering (assigning voters to districts).

讲者/ 表演者:
Prof. Anton Kolotolin
University of New South Wales

https://www.unsw.edu.au/staff/anton-kolotilin

语言
英文
适合对象
校友
教职员
研究生
主办单位
经济学系
联系方法

Julie Wong by email: fnjuwong@ust.hk

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