The John Cabot University Department of Political and Social Sciences, together with the Department of Business Administration and the Institute for Entrepreneurship, invite you to a lecture by Dr. Andrea Attar, Associate Professor of Economics at the University of Rome 2, Tor Vergata, and member of the IDEI at the Toulouse School of Economics.
Prof. Attar received his Ph.D. from CORE (UCL-Louvain) and holds a BA in economics from the University of Rome La Sapienza. His research and areas of interest are contract theory, banking, and economic theory. In recent years, he has been visiting several research institutions: Paris-Dauphine, Paris School of Economics, Humboldt University Berlin, Max Planck Institute Bonn, London School of Economics, University College London, Oxford University, ETH Zurich. His research works have been published in journals such as: Econometrica, Games and Economic Behavior, Journal of Economic Theory, Journal of Mathematical Economics, and Theoretical Economics.
The analysis of the relationship between incentives and competition is a traditional issue in Economics. The talk focuses on financial markets. We provide a theoretical framework to analyze situations in which several investors compete over the contract offers they make to agents. We consider contexts in which none of the investors can design financial contracts contingent on his or her rivals' offers, which captures the salient features of many modern financial markets. In such a framework, we show that competition among investors may imply collusive outcomes, in the form of positive extra-profit for financiers and/or exclusion of some agents from trading. We characterize the corresponding equilibrium allocations and we evaluate their welfare properties.
Monday, November 19 at 6 pm
Via della Lungara, 233
00165 - Rome
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