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MET Seminar - Marek Pycia (Zurich)

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Dates:8 October 2025
Times:17:00 - 18:00
What is it:Seminar
Organiser:School of Social Sciences
Who is it for:University staff, Current University students
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  • In category "Seminar"
  • In group "(SoSS) Economics"
  • In group "(SoSS) Economics - theory"
  • By School of Social Sciences

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

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Williamson_4.08 Seminar Room
Williamson Building
Manchester

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Sophie Kreutzkamp

sophie.kreutzkamp@manchester.ac.uk

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