MET Seminar - Marek Pycia (Zurich)
| Dates: | 8 October 2025 |
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| Times: | 17:00 - 18:00 |
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| What is it: | Seminar |
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| Organiser: | School of Social Sciences |
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| Who is it for: | University staff, Current University students |
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Title: Cost over Content: Information Choice in Trade
Authors: Kristof Madarasz & Marek Pycia
Abstract: A privately-informed buyer takes an action that impacts the seller’s information. The available actions differ in both content (what information is revealed and what remains hidden) and costs. For a large class of trading environments where buyers can choose from an arbitrary set of signal-generating processes and the costs of these processes can depend on the buyer’s private information we establish a “cost-over-content" theorem: buyers will only choose least expensive processes. We explore implications for data trade, voluntary disclosure, the scope for signaling, the privacy puzzle, and the importance of default information for regulation.
Contact: sophie.kreutzkamp@manchester.ac.uk
Travel and Contact Information
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Williamson_4.08 Seminar Room
Williamson Building
Manchester
