Theory Seminar presented by Yingni Guo (North Western University)
06 October 2020, 4:30 pm–5:45 pm

"Robust Monopoly Regulation" joint with Eran Shmaya
Event Information
Open to
- All
Organiser
-
Konrad Mierendorff, Deniz Kattwinkel
Location
-
LG10056: Bentham House4-8 Endsleigh GardensLondonWC1H 0EGUnited Kingdom
Paper (see below for abstract): http://yingniguo.com/wp-content/uploads/2019/12/robust-monopoly-regulation.pdf
Abstract: We study the regulation of a monopolistic firm using a non-Bayesian approach. We derive the policy that minimizes the regulator’s worst-case regret, where regret is the difference between the regulator’s complete-information payoff and his realized payoff.When the regulator’s payoff is consumers’ surplus, he imposes a price cap. When his payoff is the total surplus of both consumers and the firm, he offers a capped piece-rate subsidy. For intermediate cases, the regulator uses both a price cap and a capped piece-rate subsidy. The optimal policy balances three goals: giving more surplus to consumers, mitigating underproduction, and mitigating overproduction.
Zoom Meeting ID: 991 0547 9347
Password: 251249
Link: https://ucl.zoom.us/j/99105479347?pwd=M2UrT0ZrUlpFWDIxbWNQWkpDODJsQT09
Please mute your microphone to avoid noise during the presentation.
Yingni is available for individual meetings before and after the seminar (1:30-4pm and 6:30-8:30pm London time).
You can sign up for an appointment on the wiki page:
https://wiki.ucl.ac.uk/display/~uctpnr1/Theory+seminar
About the Speaker
Yingni Guo
at North Western University