EconPapers    
Economics at your fingertips  
 

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
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://econ.korea.ac.kr/~ri/WorkingPapers/w2004.pdf (application/pdf)

Related works:
Journal Article: The Uniqueness of Dynamic Groves Mechanisms on Restricted Domains (2021) Downloads
Working Paper: The uniqueness of dynamic Groves mechanisms on restricted domains (2020) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:iek:wpaper:2004

Access Statistics for this paper

More papers in Discussion Paper Series from Institute of Economic Research, Korea University Contact information at EDIRC.
Bibliographic data for series maintained by Kim, Jisoo ().

 
Page updated 2024-07-16
Handle: RePEc:iek:wpaper:2004