主題｜Topic：Tournaments with and without Private Information: A Nonparametric Approach
時間｜Time：4月18日（周四）14: 30 -17: 00
地點｜Venue：文澴樓711教室｜Class Room 711，WENHUAN
主辦單位｜Organizer：澳门永利集团304官网手机
承辦單位｜Operator：北京大學-中南财經政法大學新結構經濟學研究中心
主講｜Speaker
Zhang Jun博士，悉尼科技大學副教授，2004年獲得加拿大圭爾夫大學經濟學碩士，2010年獲得加拿大女王大學經濟學博士。主要研究經濟學理論、産業組織、管理運籌學等理論。在“Journal of Economic Theory”、“Games and Economic Behavior”、“Economic Journal” 等多家國際期刊上發表文章。
摘要｜Abstract
We establish nonparametric identification and estimation of the distribution of random shocks for two tournament models with and without private information. We then apply the proposed estimation procedure to analyze a broiler production tournament data set. Our estimation results show that the model without private information fits the data much better than the one with. We also use the structural model estimates to quantify the welfare effects of the tournament prize structure on principal’s profit and social welfare. Our results show that switching from the observed prize structure to an optimal one would lead to a large gain in the principal’s profit but only a modest gain in social welfare, while that based on the poorly fit model predicts a misleading result.
