Masterclass

Contracts and Market Microstructure

Speaker

Robert Miller (Carnegie Mellon University)

Date & Time

From: 26 September 2022, 09:00
Until: 27 September 2022, 17:00

Type

Masterclass

Venue

The Institute for Fiscal Studies
7 Ridgmount Street,
Fitzrovia,
London,
WC1E 7AE

Prices

Free

Biography:

Robert Miller is Richard M. Cyert and Morris DeGroot Professor of Economics and Statistics and Professor of Economics & Strategy at Carnegie Mellon University. He is one of the world’s leading authorities on structural econometrics and of the analysis of dynamic discrete choice problems and more general dynamic games. Structural econometrics employs economic models of behaviour in order to understand the structure of the economic processes that generate the data we see. This approach delivers results which can be transferred across environments and gives insight into the reasons for the magnitudes of responses to policy interventions.

Schedule:

Monday 26th September
9:00AM – 9:30AM Registration and comlabgames download
9:30AM – 11:00AM Competitive Equilibrium and the Social Planning Problem
11:00PM – 11:30AM Break
11:30AM – 1:00PM Sealed Bid Auctions (including auction games)
1:00PM – 2:00PM Lunch
2:00PM – 3:30PM Auction Dynamics
3:30PM – 4:00PM Break
4:00PM – 5:30PM Limit Order Markets (including trading recyclables game)


Tuesday 27th September
9:00AM – 10:30AM Moral Hazard and Managerial Compensation
10:30AM – 11:00AM Break
11:00AM – 12:30PM Hidden Information (including research lab game)
12:30PM – 1:30PM Lunch
1:30PM – 3:00PM Career Concerns and Human Capital Investment
3:00PM – 3:30PM Break
3:30PM – 5:00PM Procurement Contracts (including nonlinear pricing game)