Economic efficiency and the provision of incentives for information acquisition and disclosure: a mechanism design approach (2015-2016)

This project will study classes of markets and economic transactions in which agents have private information. In particular, it will study information acquisition in markets and in bilateral relationships, the incentives that experts and insiders have to disclose information, and institutional design and robust incentive provision in general settings with information and allocation externalities. The project's aim is to understand the inefficiencies created by private information and to look at the design of possible remedies in the form of incentive schemes and institutional innovations. The approach used in this project draws on the literature on mechanism design and information economics.