Data Availability, Causality What is the role of assumptions in microeconomic modeling?

I am a microeconomic theorist, interested in information economics, mechanism design and market design. Stanford University Graduate School of Business Search costs refer to the time, effort, and resources expended by individuals or firms in the process of gathering information and finding the best available ... In the second essay, The Extensive Margin of Bayesian Persuasion, I study the persuasion of a receiver who accesses information only if she exerts attention ... Feb 12, 2025 ... Microeconomics seeks to understand behaviours and decisions relating to the allocation of resources and the interactions between people and ... Externalities, Pigouvian taxes; Public goods, preference revelation mechanisms; Uncertainty; Asymmetric information, principal-agent (contract) theory; Auction ... ... Microeconomics (3 Credit Hours); ECON 4106 - Firm & Industry Studies (3 ... informational purposes only and should not be construed as the basis of a ... Section 5 describes, in more detail, two applications of infor- mation design with a microeconomic and macroeconomic perspective, respectively: limits of price ... Market Panics, Frenzies, and Informational Efficiency: Theory and Experiment. Chad Kendall. American Economic Journal: Microeconomics. vol. 12, no. 3, August ... competition · economic theory · economic trends · economics of information and uncertainty · game theory · microeconomic theory · microeconomics · price-setting. Oct 16, 2023 ... ... informational asymmetries, uncertainty, consumer purchase of health ... These features and their consequences are studied using microeconomics ...