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SUMMARY:Meeting Technologies in Asset Markets 
DTSTART:20160311T103000
DTEND:20160311T120000
DTSTAMP:20260925T133252Z
UID:18de94e2e874db44904293bf5711094ecda371c5ecbaa39d13f6471e
CATEGORIES:Conferences - Seminars
DESCRIPTION:Maryam FARBOODI (Princeton University)\nWe study decentralized
  trading networks where agents differ in both their time-varying taste for
  an asset and the constant frequency at which they meet others. We demonst
 rate that fast agents endogenously arise as intermediators whose net valua
 tion of the asset gets moderated through their exposure to others. We show
  that allocating meetings in an ex-ante asymmetric fashion across agents g
 enerates higher welfare then a homogeneous distribution of meeting frequen
 cies\, if and only if some agents intermediate. We also characterize prope
 rties of the market equilibrium in which ex-ante identical agents choose t
 heir meeting rates\, and show that an equilibrium with symmetric meeting r
 ates does not exist. Finally we compare the properties of equilibrium outc
 ome with the planner allocation.
LOCATION:UNIL\, Extranef\, room 126 https://planete.unil.ch/plan/?local=EX
 T-126
STATUS:CONFIRMED
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