The Uniqueness of Dynamic Groves Mechanisms on Restricted Domains

Kiho Yoon

Korean Economic Review, 2021, vol. 37, 263-285

Abstract: 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.

Keywords: Groves Mechanism; Dynamic Mechanism Design; Ex-post Incentive Compatibility; Outcome Efficiency (search for similar items in EconPapers)
JEL-codes: C73 D47 D82 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (1)

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http://keapaper.kea.ne.kr/RePEc/kea/keappr/KER-20210701-37-2-03.pdf (application/pdf)

Related works:
Working Paper: The uniqueness of dynamic Groves mechanisms on restricted domains (2020)
Working Paper: The uniqueness of dynamic Groves mechanisms on restricted domains* (2020)
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