상세검색
최근 검색어 전체 삭제
다국어입력
즐겨찾기0
158233.jpg
SCOPUS 학술저널

Dynamic Mechanism Design: An Elementary Introduction

  • 10

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.

1. INTRODUCTION

2. OPTIMAL DYNAMIC MECHANISMS

3. EFFICIENT DYNAMIC MECHANISMS

4. CONCLUSION

로딩중