Infinite-Horizon Mechanism Design: the Independent-Shock Approach

Alessandro Pavan, Ilya Segal and Juuso Toikka

No 1492, Discussion Papers from Northwestern University, Center for Mathematical Studies in Economics and Management Science

Abstract: These notes examine the problem of how to extend envelope theorems to infinite-horizon dynamic mechanism design settings, with an application to the design of "bandit auctions."

Keywords: asymmetric information; stochastic processes; incentives; mechanism design (search for similar items in EconPapers)
JEL-codes: C73 D82 L1 (search for similar items in EconPapers)
Date: 2010-06-12
New Economics Papers: this item is included in nep-cta
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