Aller au contenu principal
A propos d'HEC A propos d'HEC
Summer School Summer School
Faculté et Recherche Faculté et Recherche
Bachelor Programs Bachelor Programs
MBA Programs MBA Programs
Programme PhD Programme PhD
Executive Education Executive Education
HEC Online HEC Online
A propos d'HEC
En bref En bref
Qui sommes-nous ? Qui sommes-nous ?
Egalité des chances Egalité des chances
HEC Talents HEC Talents
International International
Vie du campus Vie du campus
Sustainability Sustainability
Diversité et inclusion Diversité et inclusion
Stories Stories
Fondation HEC Fondation HEC
Summer School
Youth programs Youth programs
Summer programs Summer programs
Online Programs Online Programs
Faculté et Recherche
À propos À propos
Corps professoral Corps professoral
Départements Départements
Centres Centres
Chaires Chaires
Financements Financements
Knowledge@HEC Knowledge@HEC
Grande Ecole
& Masters
Grande Ecole
Master in Management
Grande Ecole
Master in Management
Programmes
Masters
Programmes
Masters
Doubles
Diplômes
Doubles
Diplômes
Programmes
Bachelor
Programmes
Bachelor
Programmes
Summer
Programmes
Summer
Exchange
students
Exchange
students
Vie
Etudiante
Vie
Etudiante
Notre
différence
Notre
différence
Bachelor Programs
Vue d'ensemble Vue d'ensemble
Course content Course content
Admissions Admissions
Fees and Financing Fees and Financing
MBA Programs
MBA MBA
Executive MBA Executive MBA
TRIUM EMBA TRIUM EMBA
Programme PhD
Overview Overview
HEC Difference HEC Difference
Program details Program details
Research areas Research areas
HEC Community HEC Community
Placement Placement
Job Market Job Market
Admissions Admissions
Financing Financing
Executive Education
Accueil Accueil
Qui sommes-nous ? Qui sommes-nous ?
Univers de formation Univers de formation
Programmes Programmes
Offres entreprises Offres entreprises
Événements/Actualités Événements/Actualités
Contacts Contacts
HEC Online
En bref En bref
Programme diplômant Programme diplômant
Certificats Executive Certificats Executive
MOOCs MOOCs
Summer Programs Summer Programs
Youth programs Youth programs
Faculté et Recherche

Reputation and Screening in a Noisy Environment with Irreversible Actions

28 Mai
2019
14H00
Jouy-en-Josas
Français

Participer

Ajouter au calendrier
2019-05-28T14:00:00 2019-05-28T15:15:00 Reputation and Screening in a Noisy Environment with Irreversible Actions Economics & Decision Sciences Dept. Speaker : Mehmet EKMEKCI (Boston College) HEC Campus - Building T - Room T004 Jouy-en-Josas

Economies & Sciences de la Décision

Intervenant : Mehmet EKMEKCI (Boston College)

HEC Campus - Bâtiment T - Salle T004

"Reputation and Screening in a Noisy Environment with Irreversible Actions"

 (joint work with Lucas Maestri)

Abstract :

We introduce a class of two-player dynamic games to study the effectiveness of screening in
a principal-agent problem. In every period, the principal chooses either to irreversibly stop the
game, or to continue. In every period until the game is stopped, the agent chooses an action
that affects the flow payoffs to the players. The agent’s type is his private information, and
his actions are imperfectly observed. Players receive a lump-sum payoff when the game stops,
and the principal’s payoff depends on the agent’s type. Both players are long-lived and share
a common discount factor. We study the limit of the equilibrium outcomes as both players get
arbitrarily patient. We show that Nash equilibrium outcomes of the dynamic game converge
to the unique Nash equilibrium outcome of an auxiliary two-stage game with observed mixed
actions. Hence, dynamic screening eliminates noise in monitoring, but beyond that, it is
ineffective. We calculate the probability that the principal eventually stops the game, against
each type of the agent. The principal learns some but not all information about the agent’s
type. All payoff relevant information is revealed at the beginning of the game. Applications
include procurement, promotions and demotions within organizations and venture-capital
financing.

Participer

Ajouter au calendrier
2019-05-28T14:00:00 2019-05-28T15:15:00 Reputation and Screening in a Noisy Environment with Irreversible Actions Economics & Decision Sciences Dept. Speaker : Mehmet EKMEKCI (Boston College) HEC Campus - Building T - Room T004 Jouy-en-Josas