PhD Seminar Series: Interdependent Bilateral Trade: Information vs Approximation

This talk will introduce the area of mechanism design, and then focus on the problem of bilateral trade. Welfare maximization in bilateral trade has been extensively studied in recent years, primarily for the private values case. This talks will focus on welfare maximization in bilateral trade with interdependent values. Designing mechanisms for interdependent settings is much more challenging because the values of the players depend on the private information of others, requiring complex belief updates and strategic inference. Based on Interdependent Bilateral Trade: Information vs Approximation (EC25).