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DTSTART;TZID=Europe/Paris:20180502T121500
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SUMMARY:Émeric HENRY (Sciences Po) - "Approval Regulation\, Liability and Withdrawal: Balancing Ex Ante Experimentation and Ex Post Learning" joint with Marco Loseto and Marc Ottaviani
DESCRIPTION:\nThe Microeconomics Seminar: Every Wednesday at 12:15 pm. \nTime: 12:15 pm – 1:30 pm\nDate: 2nd of May 2018\nPlace: Room 3001. \nÉmeric HENRY (Sciences Po) – “Approval Regulation\, Liability and Withdrawal: Balancing Ex Ante Experimentation and Ex Post Learning” joint with Marco Loseto and Marco Ottaviani \nAbstract: Dynamic adoption policies of activities with uncertain returns are characterized by three key decisions: in the ex ante experimentation phase\, the decisions when to abandon experimentation and when to introduce to market; in the ex post learning phase\, the decision when to withdraw following the accumulation of bad news. In a tractable continuous-time model\, we study the optimal mix of the three instruments regulators employ to align the private incentives of firms: ex ante approval regulation\, ex post withdrawal regulation\, and liability. Our results can rationalize the large array of regulatory environments observed across applications ranging from product safety to patent protection. \nOrganizers: Marie-Laure Allain\, Pierre Boyer\, Laurent Linnemer  &  Morgane Cure (CREST) \n\n\nSponsors:\nCREST \nFood is provided. \nLink to the paper. \n\n
URL:https://econ.ip-paris.fr/event/emeric-henry-sciences-po-approval-regulation-liability-and-withdrawal-balancing-ex-ante-experimentation-and-ex-post-learning-joint-with-marco-loseto-and-marc-ottaviani-2/
CATEGORIES:Economics,Microeconomics
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