Dynamic mechanism design with interdependent valuations
نویسندگان
چکیده
منابع مشابه
Dynamic Mechanism Design with Interdependent Valuations
We consider an infinite horizon dynamic mechanism design problem with interdependent valuations. In this setting the type of each agent is assumed to be evolving according to a first order Markov process and is independent of the types of other agents. However, the valuation of an agent can depend on the types of other agents, which makes the problem fall into an interdependent valuation settin...
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We consider the class of Bayesian environments with one-dimensional private signals and interdependent valuations. For these environments, we fully characterize the set of interim efficient mechanisms which satisfy interim incentive compatibility and interim individual rationality constraints. In these mechanisms, the allocation rules assign probability one to an alternative that maximizes the ...
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We study efficient, Bayes-Nash incentive compatible mechanisms in a social choice setting that allows for informational and allocative externalities. We show that such mechanisms exist only if a congruence condition relating private and social rates of information substitution is satisfied. If signals are multidimensional, the congruence condition is determined by an integrability constraint, a...
متن کاملMechanism design with multidimensional, continuous types and interdependent valuations
We consider the mechanism design problem when agents’ types are multidimensional and continuous, and their valuations are interdependent. If there are at least three agents whose types satisfy a weak correlation condition, then for any decision rule and any ε > 0 there exist balanced transfers that render truthful revelation a Bayesian ε-equilibrium. A slightly stronger correlation condition en...
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ژورنال
عنوان ژورنال: Review of Economic Design
سال: 2015
ISSN: 1434-4742,1434-4750
DOI: 10.1007/s10058-015-0177-6