Saturday, January 10, 2015

Scott Kominers speaks about Strategy-Proofness, Investment Efficiency and Marginal Returns -- video

Here's a video of a recent lecture by Scott Kominers: Strategy-Proofness, Investment Efficiency and Marginal Returns

"In this presentation, Scott Duke Kominers noted that mechanism design tends to examine only the market clearing stage. The field treats human capital as a fixed or predetermined input, rather than a dynamic range of possibilities. His own model uncovers a relationship between three variables: strategy-proofness, investment efficiency, and marginal rewards."

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