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数量经济与金融系列讲座第355期:Diffusing Coordination Risk

  发布日期:2017-10-12  浏览次数:

题目:Diffusing Coordination Risk

Abstract:Agents face strategic uncertainty in a coordination problem that is akin to debt rollover or currency attacks. We model this as a global game of regime change. A principal wants her preferred regime (PPR) to succeed. She faces the coordination risk that a viable PPR may fail due to the strategic uncertainty. The principal diffuses this coordination risk by making a nite partition of the mass of agents. She abandons her preferred regime if it is no longer viable. We show that with a sufficiently diffused policy, the risk that agents may attack the PPR unravels from the end.

主讲:Zhen Zhou(周臻)

清华大学五道口金融学院助理教授

时间:2017年10月12日(周四)16:00-17:30

地点:复旦大学经济学院614会议室

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