Professor Myerson will give a talk on local agency costs of political centralisation. In his study, Roger Myerson argues that constitutional centralisation can raise the economic costs of moral hazard in public spending then the efficient solutions of local public goods provision require some constitutional decentralization of power.
Professor Myerson’s speech will take place on Friday 3 July 2015 from 14.30 to 16 pm at Utopolis Kirchberg.
Two additional keynote lectures will be addressed by Professor Robin Boadway, Queens University, titled “Cash-Flow Business Taxation Revisited: Bankruptcy, Risk Aversion and Asymmetric Information » and Professor Martin Hellwig, Max Planck Institute for Research on Collective Goods, whose speech title is “Banks, governments and central banks in the financial and economic crisis”.
The three days conference will cover a wide range of topics: game theory, international economics, economic tensions, fiscal competition or environmental economy. The programme is structures in sessions, two per half day, each of them covering simultaneously about 15 topics. Each topic will be discussed by a set of four experts, researchers and professors from the University of Luxembourg but also leading practitioners and academics from abroad.
The conference will be the occasion to launch the first edition of the PET Award for an Outstanding Submission by a researcher. The award will consist of $1,000 and free registration for PET 16, Rio de Janeiro. Submission is open to researcher with a PhD of less than five years and graduate students. Eligible participants can apply when registering.
Further information on www.vanderbilt.edu
About Prof. Roger Myerson
Myerson has a PhD from Harvard University and taught for 25 years in the Kellogg School of Management at Northwestern University before coming to the University of Chicago in 2001. He is a member of the American Academy of Arts and Sciences, the National Academy of Sciences, and the Council on Foreign Relations. He has received several honorary degrees, and he received the Jean-Jacques Laffont Prize in 2009. He was awarded the 2007 Nobel Memorial Prize in Economic Sciences in recognition of his contributions to mechanism design theory, which analyses rules for coordinating economic agents efficiently when they have different information and difficulty trusting each other.
The Association for Public Economic Theory (APET) is dedicated to the promotion of theoretical research in all areas of public finance and to the facilitation of communication amongst economists working in these areas.
About The Centre for Research in Economics and Management
CREA was founded in 1994, and was then part of the CRP Gabriel Lippmann. It was founded by a bunch of young and dynamic Luxembourg economists, convinced that Luxembourg needed a place where modern economic methods would be used to examine economic policy issues. One of the very first research projects conducted by CREA was about evaluating the competitiveness of the Luxembourg economy, already then. Since then, the University of Luxembourg has been created; CREA expends its activity in Economics and Management and became the Centre in Economics and Management, one of the research units of the University’s Faculty of Law, Economics and Finance.
The ambition of CREA is to be recognised as a centre of research excellence in Economics and Management. Its mission includes three tightly connected activities: contribution to top-level scientific research programmes and networks, provision of advanced quantitative education in Economics and Management and the dissemination of knowledge and expertise in Luxembourg and the Greater Region.