The Uniqueness of Dynamic Groves Mechanisms on Restricted Domains

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초록

This paper examines necessary and sufficient conditions for the uniqueness of dynamic Groves mechanisms when the domain of valuations is restricted. Our approach is to appropriately define the total valuation function, which is the expected discounted sum of each period's valuation function from the allocation and thus a dynamic counterpart of the static valuation function, and then to port the results for static Groves mechanisms to the dynamic setting.

키워드

Groves MechanismDynamic Mechanism DesignEx-post Incentive CompatibilityOutcome EfficiencyREVELATIONEFFICIENT
제목
The Uniqueness of Dynamic Groves Mechanisms on Restricted Domains
저자
Yoon, Kiho
DOI
10.22841/kerdoi.2021.37.2.003
발행일
2021
유형
Article
저널명
The Korean Economic Review
37
2
페이지
263 ~ 285