The IFREE/ESI Lecture Series Presents Raymond Deneckere, Ph.D. – “Multi-Dimensional Screening: A Solution to a Class of Problems”

Apr. 19, Raymond Deneckere, Ph.D. – Multi-Dimensional Screening: A Solution to a Class of Problems

Abstract: We develop a general method for solving multi-dimensional screening problems in which the ‘physical’ allocation space is one-dimensional, and provide necessary and sufficient conditions for the existence of ‘exclusion’ in the optimal mechanism. We illustrate the application of our method to an example with quadratic utility and uniformly distributed types. Interestingly, the optimal solution exhibits discontinuity along the boundary of the region between exclusion and non-exclusion for a large set of parameter values.

Bio: Raymond Deneckere is Professor of Economics at the University of Wisconsin-Madison. He is a fellow of the Econometric Society, and has served on the editorial boards of Econometrica, the Rand Journal of Economics, and the International Journal of Industrial Organization.  Dr. Deneckere is best known for his research on industrial organization and game theory.  He has made important contributions to the study of mergers, bargaining, the operation of durable goods markets, price leadership, resale price maintenance and revenue management.

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