Pokrovsky Boulevard 11, Rooms: S1029, S1030
Phone: +7 (495) 772-95-90*27172, 27173, 27174
PhD, Penn State University
The Department of Theoretical Economics brings together highly qualified specialists in various fields of economics, including micro and macroeconomics, monetary and financial theory, economic history and the history of economic thought. Our mission is to teach economic disciplines at HSE on the level of leading Western universities.
Wahid Supriyadi M., Mosyakov D., Kanaev E. et al.
M.: Institute of Oriental Studies, Russian Academy of Sciences, 2020.
Zakharov A., Bondarenko O.
Journal of Behavioral and Experimental Economics. 2021. Vol. 90(С).
J. Tremewan, Vostroknutov A.
In bk.: A Research Agenda for Experimental Economics. Edward Elgar Publishing, 2021. P. 19-42.
Veselov D. A.
Basic research program. WP BRP. National Research University Higher School of Economics, 2021. No. 250/EC/2021.
Dear colleagues, Department of Theoretical Economics invites you to attend the research seminar with Assistant Professor Pavel Andreyanov, HSEDate: October 19, 2021Time: 1:00 p.m.Working language: EnglishSpeaker:Pavel Andreyanov, Assistant Professor of the Department of Theoretical Economics
The link to Zoom: https://us02web.zoom.us/j/8734589888?pwd=UTlhZ2dJU2FaVHpWRElDK0hMamJudz09 Meeting ID: 873 458 9888Passcode: 010497
Title: "Secret Reserve Prices by Uninformed Sellers " (joint with El Hadi Caoui, U of Toronto)"
Abstract:If bidders are better informed than the seller about a common component of auction heterogeneity, the seller can allocate more efficiently by keeping her reserve price secret and revising it using submitted bids. We build a model of a first-price auction under unobserved auction heterogeneity---imperfectly observed by the seller---that captures this rationale and derive conditions for identification. An application to French timber auctions, where such revisions are widely used, shows that having perfect information about unobserved auction heterogeneity would increase surplus by 4.43%. Combining a secret reserve price with learning from submitted bids reduces this surplus gap by up to 80%.