BEGIN:VCALENDAR
VERSION:2.0
PRODID:https://github.com/derhansen/sf_event_mgt
METHOD:PUBLISH
BEGIN:VEVENT
UID:181-39@berlinschoolofeconomics.de
CLASS: PUBLIC
SUMMARY:Research Seminar in Economics: Matthias Lang (Ludwig-Maximilians-University of Munich)
DESCRIPTION:Topic: Benefits and Challenges of Ambiguous Information\n\nSpe
 aker: Matthias Lang (Ludwig-Maximilians-University of Munich)\n\nTime & v
 enue: Fridays, 10:00 - 12:00 (starting on 27.10.2023); see schedule for 
 seminar venues \n\nDescription: The Research Seminar in Economics offers
  a platform for invited speakers to present their current research, thereb
 y promoting the exchange between speakers and faculty members. It covers e
 mpirical as well as theoretical contributions across all fields of economi
 cs.\n\nMore information can be found on the seminar's website.\n\nAbstrac
 t: \n\nWe study the welfare effects of ambiguous information for a buyer 
 with α-max-min preferences and a price-setting seller. The buyer privatel
 y receives information about her valuation. We show that both  can benefi
 t when this information is ambiguous, and we characterize all possible com
 binations of consumer and producer surplus. Ambiguity concerning the valua
 tion perceived by the buyer when making the purchase decision can induce t
 he seller to change the price. Before receiving information, ambiguity con
 cerning the purchase decision can make the buyer optimistic about buying o
 nly for high valuations relaxing the participation constraint. Our results
  inform the regulation of ambiguous information.\n\nFind the working paper
  here.
DTSTAMP:20231106T112433Z
DTSTART:20231102T100000Z
DTEND:20231102T120000Z
END:VEVENT
END:VCALENDAR