Program

 

1.     Overview
  • Overview, motivation, and valuation theory; 
  • WTP and WTA gap, induced value auctions, test theory;
  • Contingent valuation and hypothetical bias: dichotomous choices, payment cards, etc..
  • Calibration methods and cheap talk.

 

2.     Auctions

  • Auction theory: incentive compatibility;
  • Econometric models for auction data;
  • Empirical modeling of data from auctions;
  • Experimental Auction case studies;
  • Examples of Auctions (computerized);
  • Auctions in practice/design issues (endowment vs full bidding, multiple rounds, multiple products, stochastic fees, sample size, bid affiliation, training, etc.);
  • Hands-on programming auctions in ztree;
  • Models for data analysis;
  • Analysis of auction data;
  • Class simulation;
  • Summing up, questions and discussion;

 

3.     Final test

  • Presentation of participants' own project;
  • Online questionnaire test

How to reach the School venue

From Roma Termini you can easily get to the school by the following buses:
92, 223, 360, 910

get off at the bus stop Pinciana/museo Borghese and in 3 minutes walk you will be at via Livenza n.6, at the FIDAF venue, where the school will be hosted.

How to reach Rome

Rome can be reached in several ways.

An overview is available here.

 

By airplane

The main airport of Rome is Leonardo da Vinci in Fiumicino, about 30 kilometres southwest of the city. The other airport is Ciampino, where most domestic, and some international flights arrive, about 15 kilometres southeast of the city. 

You can easily get a bus from the airport that would drop you to the central station Roma Termini in less than an hour. The buses are comfortable and way cheaper than taxis. There’s also the Leonardo Express train that will take you from Leonardo da Vinci airport into the main city.

By train

Rome is well served by rail connections to all the major cities in Italy and Europe. The main railway stations in Rome are Roma Termini and Roma Tiburtina both served by Trenitalia and Italo.

By car

All the roads lead to Rome...

anyway, the main road connecting Rome to the north and south of Italy is the A1 Autostrada del Sole, which connects with the ring road circling the city. If you plan to drive to Rome (and we would not suggest to do so), you would require an international driving licence.

Travel to Rome...