The uniqueness of dynamic Groves mechanisms on restricted domains*

Kiho Yoon

No 2004, Discussion Paper Series from Institute of Economic Research, Korea University

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: 2020
New Economics Papers: this item is included in nep-mic
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Citations: View citations in EconPapers (2)

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Related works:
Journal Article: The Uniqueness of Dynamic Groves Mechanisms on Restricted Domains (2021)
Working Paper: The uniqueness of dynamic Groves mechanisms on restricted domains (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:iek:wpaper:2004

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