讲座题目：The competitive and welfare effects of long-term contracts with network externalities and bounded rationality

报告人：孟大文

报告时间：2019年11月29日下午2：00-3：00

报告地点：经管院B224

主办单位：珞珈青年经济与管理论坛

      经济学系

      数理经济与数理金融系

内容摘要：This paper compares the long-term and short-term contracts in terms of their competitive and welfare effects in a dynamic nonlinear pricing model with network externalities and bounded rationality. Contrary to the existing literature and traditional treatments adopted by competition authorities, we find that a long-term contract is at least as competition-friendly and socially efficient as a sequence of short-term contracts. If the consumers have constant types and pessimistic expectation regarding the network size, then for a certain range of parameters, a long-term contract facilitates entry of more efficient competitors, and is socially more efficient than the short-term contracts. If the consumers’ types are independent across time, a long-term contract leads to the same competitive outcome as, but gives a higher social surplus than, its short-term counterpart.

主讲人简介：孟大文，上海财经大学讲席副教授，特任研究员，研究领域包括博弈论、合约理论、产业组织理论等。曾于《games and economic behavior》,《Review of Economic Design》，《Operations Research Letters》，《经济学季刊》，《中国工业经济》等国内外刊物发表论文多篇。