Ludvig Sinander: The Converse Envelope Theorem
I prove an envelope theorem with a converse: the envelope formula is equivalent to a first-order condition. Like Milgrom and Segal’s (2002) envelope theorem, my result requires no structure on the choice set. I use the converse envelope theorem to extend to abstract outcomes the canonical result in mechanism design that any increasing allocation is implementable, and apply this to selling information.
Date:
19 October 2021, 12:45 (Tuesday, 2nd week, Michaelmas 2021)
Venue:
Online, Join Zoom Meeting: https://zoom.us/j/99759486691?pwd=MnVodzd0ZlFiWlRFMHRNT3FQa0dmUT09
Speaker:
Ludvig Sinander (University of Oxford)
Organising department:
Department of Economics
Part of:
Economic Theory Workshop
Booking required?:
Not required
Audience:
Members of the University only
Editor:
Emma Heritage
