时间:2026年5月20日14:00 -15:30(周三)
地点:明德新闻楼0201
主讲人:柯荣住 浙江大学经济学院教授
主持人:崔志伟教授
题目:ranking information systems without the first-order approach
摘要:
this paper develops a new method to rank information systems in moral hazard principal-agent problems. we show a necessary and sufficient condition for ranking the efficiency of signals without the first-order approach, that is, a convex-linear order based on the global likelihood ratio. according to the new theory, the holmstrom sufficient statistic criterion remains valid. however, the kim mean-preserving spread criterion is not robust when the first-order approach is not valid. we thus propose several new criteria that are robust under the global incentive compatibility constraint. in particular, we show that the necessity of the well-known blackwell criterion comes back when the signals are single-dimensional and satisfy the monotone likelihood property.
主讲人简介:
柯荣住为麻省理工学院经济学博士,浙江大学求是特聘教授,博士生导师,浙江省特聘专家,入选国家高层次人才青年项目。研究领域为微观经济学、契约理论。目前已在journal of labor economics、operations research、theoretical economics、management science、siam journal on optimization、economic theory、social forces等国际权威经济管理与社会科学专业杂志上发表论文。