Tepper School of Business

 

 

 

 

 

45-871 Trade and Investment Strategy        

 

Robert A. Miller  ramiller@cmu.edu

 

Teaching Assistants

 

 

SYLLABUS

 

How to Launch ComLabGames In Virtual Andrew

Downloading Comlabgames

 

 

 

 

 

 

 

Assignment 1

Assignment 2

Assignment 3

Assignment 4

Assignment 5

Strategic Play - Draft

 

SCHEDULE

 

 

Monday October 24:              

 

 

Wednesday October 26:        

 

 

Monday October 31:              

 

 

 

 

 

 

 

Wednesday November 2:      

 

 

Monday November 7:

 

Wednesday November 9:      

 

 

Monday November 14:          

 

Wednesday November 16:    

 

 

Monday November 28:          

 

Wednesday November 30:    

 

 

Friday December 2:   

 

Wednesday December 7:       

 

 

Monday December 12:          

 

           

           

 

LECTURE

 

 

Texas CD Auctions

 

 

Strategic Equivalence

 

 

Revenue Equivalence

 

 

 

 

 

 

 

Procurement Contracts

 

 

Limit Order Markets

 

Liquidity and Market Dynamics

 

 

Trading on an LOM Platform

 

Arbitrage Pricing

 

 

Uncertainty and Dynamics

 

Portfolio Investment

 

 

Price Discovery– in person

 

Governance - remote/optional

 

 

Games for Grades – remote/required

SUPPLEMENTARY MATERIAL

 

 

Bidding Frictions in Ascending Auctions

 

 

First Price and Dutch Private Value Auction (right click to save)

First Price and Dutch Common Value Auction  (right click to save)

 

The Revenue Equivalence Theorem

Revenue from Private Value Auctions

Bidding in a FPSB Auction

Differential Information in a FPSB auction

Second Price Sealed bid and English Auction Game (right click to save)

First Price Sealed Bid Procurement Auction Game (right click to save)

Differential Info Takeover Common Value Games (righr click to save)

 

Winning by Default: Why is There so Little Competition in gov. procurement?

 

 

Landing Game (right click to save)

 

Estimating the Gains from Trade in Limit Order Markets

 

 

Recycling Game (right click to save)

 

Telecommunication  Providers (right click to save)

 

 

2021 Klein Lecture: American dream delayed: shifting determinants of home ownership

Certainty equivalence game (right click to save)

 

 

 

Currency game (right click to save)

 

Promotion, turnover and compensation in the executive labor market

Insider information and performance pay