研讨论文
Optimal Interventions in Markets with Adverse Selection（Thomas Philippon and Vasiliki Skreta，2012 AER）
主讲人
任奕遥（博士生，清华大学
五道口金融学院）
内容简介
We study the design of interventions to stabilize financial markets plagued by adverse selection. Our contribution is to analyze the information revealed by participation decisions. Taking part in a government program carries a stigma, and outside options are mechanism dependent. We show that the efficiency of an intervention can be assessed by its impact on the market interest rate. The presence of an outsidemarket determines the nature of optimal interventions and the choice of financial instruments (debt guarantees in ourmodel), but it does not affect implementation costs.
点评老师
张志祥，尹训东
时间
2026年1月13日
(上午10：30-12：00）
地点
学术会堂712
活动对象
创新发展学院学生
人数规模
30人
主办单位
创新发展学院
撰稿：任奕遥
审稿：尹训东
编辑：沈嘉怡
审核：林艺茹
