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BEGIN:VEVENT
UID:96a73b5ed759b5514c03bd111f19710d
CATEGORIES:Seminars
CREATED:20161213T173221
SUMMARY:Lunch Seminar: Sergei Kovbasyuk - EIEF
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:The Role of Memory in Lemons Markets\nAbstract:\nInformation is often recor
 ded and stored independently of the will of the parties it relates to, and 
 then made available to third parties. Law enforcement agencies, credit regi
 sters, Google and Facebook, for example, keep substantial amount of informa
 tion about individuals’ past. Typically, part of the information is erased 
 from the public records with time, that is, becomes forgotten. Should infor
 mation be forgotten, and if yes, how fast? And should good past information
  be forgotten faster than bad, as in many legal systems, or the other way a
 round? We answer these questions in a dynamic model of markets with adverse
  selection. We show that in these markets it is typically optimal to keep n
 egative records for a long time, while positive records should be forgotten
  rapidly to avoid market breakdown.\n
DTSTAMP:20260404T064049Z
DTSTART:20150609T130000Z
DTEND:20150609T140000Z
SEQUENCE:0
TRANSP:OPAQUE
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