mweretka

Marek
Weretka

Marek is a member of our Scientific Council. As of August 2018 he also heads project INFERENCE. Marek is an Associate Professor at University of Wisconsin-Madison.





Opublikowane | Published

  • Normative Inference in Efficient Markets | Economic Theory

    This paper develops a non-parametric method to infer social preferences over policies from prices of securities when agents have non-stationary heterogeneous preferences. We allow for arbitrary efficient risk-sharing mechanisms, formal and informal, and consider a large class of policies. We present a condition on the distribution of aggregate wealth that is necessary and sufficient for the revelation of social preferences over a universal set of policies. We also provide a weaker condition that is sufficient for revelation of social preferences for an arbitrary finite collection of policies.
     

    Marek
    Weretka