منابع مشابه
Stochastic dynamic mechanism design
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In situations in which the social planner has to make several decisions over time, before agents have observed all the relevant information, static mechanisms may not su¢ ce to induce agents to reveal their information truthfully. This paper focuses on questions of partial and full implementation in dynamic mechanisms, when agents beliefs are unknown to the designer (hence the term robust). ...
متن کاملDynamic Mechanism Design∗
We study the design of incentive-compatible mechanisms in general dynamic environments where information arrives gradually over time and decisions are made over multiple periods. Our first main result is a necessary condition for incentive compatibility that takes the form of an envelope formula for the derivative of an agent’s equilibrium expected payoff with respect to his current type. It co...
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We model dynamic mechanisms for a global commons. Countries benefit from both consumption and aggregate conservation of an open access resource. A country’s relative value of consumption-to-conservation is privately observed and evolves stochastically. An optimal quota maximizes world welfare subject to being implementable by Perfect Bayesian equilibria. With complete information, the optimal q...
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ژورنال
عنوان ژورنال: ACM SIGecom Exchanges
سال: 2009
ISSN: 1551-9031,1551-9031
DOI: 10.1145/1980522.1980529