Séminaire :

The aim of this seminar is bring together researchers to discuss recent papers dealing with several aspects of market dysfunctionalities, such as, e.g., illiquidity, manipulations, or cascades. The papers study how information asymmetries, market power, and irrationality can give rise to such dysfunctionalities. They also analyse which contracts, institutions and market structures can alleviate dysfunctionalities and improve outcomes, in terms of prices and allocations.