CEMA研讨会2019年春季第十三讲将于5月30日（周四）中午12:10-1:30在712会议室举行，由中央财经大学经济学院张琥副教授报告论文“Endogenous Group Formation and Monitoring”，欢迎感兴趣的师生参加。

【题目】：Endogenous Group Formation and Monitoring

【摘要】：In this paper, we investigate the issue of endogenous group formation by considering the information transmission efficiency. With three examples, we show that the optimal group structure should minimize the distortion induced by information imperfection. By peer monitoring with joint liability, players would have incentive to disclose miscreant actions they observed. As a result, private information is transformed into public information which helps forming efficient equilibrium.

【报告人简介】：张琥，中央财经大学经济学院副教授，毕业于北京大学光华管理学院，主要从事博弈论、产业经济学、企业理论方面的研究。在《经济研究》等期刊发表经济论文十余篇。

中国经济与管理研究院
2019年5月27日