ISET Hosts Professor Deniz Selman for a Seminar on Simultaneous Auctions
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On 5 June, Professor Deniz Selman from Bogazici University presented the paper titled “Simultaneous Auctions with Private and Common Values,” which he co-authored with Deniz Nemli. In a simultaneous auction, every bidder submits bids on an item simultaneously. The paper discusses a situation where an item’s value can be of two types, one in which the bidders have private values and another where the value of the item is a publicly known common value.
Prof. Selman started his talk by providing some real life examples of such auctions, for example: contractors bidding for a specialized government contract whose value is complementary to a contractor’s qualities (private value) and another more straightforward government contract (common value);
Is women’s ownership of land a panacea in developing countries? evidence from land-owing farm households in Malawi
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On May 23, 2014, ISET hosted a presentation by Dr. Ira Gang from Rutgers University, who presented his paper titled: “Is women’s ownership of land a panacea in developing countries? evidence from land-owing farm households in Malawi”.
Traditionally, throughout Sub-Saharan Africa, lucrative cash crops are perceived as “male crops”, while lower value crops for home consumption are perceived as “female crops”. However, the potential for engaging female agricultural producers in high-value crop activities has been of increasing focus in much of the recent development literature and policy discourse. The assumption being that women cultivating “male crops” will not only bolster their economic empowerment, but will also improve overall household welfare, especially that of children.
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