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- W3176038924 abstract "This paper introduces dynamic mechanism design in an elementary fashion. We first examine optimal dynamic mechanisms: We find necessary and sufficient conditions for perfect Bayesian incentive compatibility and formulate the optimal dynamic mechanism problem. We next examine efficient dynamic mechanisms: We establish the uniqueness of Groves mechanism and investigate budget balance of the dynamic pivot mechanism in some detail for a bilateral trading environment. This introduction reveals that many results and techniques of static mechanism design can be straightforwardly extended and adapted to the analysis of dynamic settings." @default.
- W3176038924 created "2021-07-05" @default.
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- W3176038924 date "2021-06-01" @default.
- W3176038924 modified "2023-09-27" @default.
- W3176038924 title "Dynamic mechanism design: An elementary introduction" @default.
- W3176038924 hasPublicationYear "2021" @default.
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