Dynamic Marginal Contribution Mechanism

Juuso Välimäki and Dirk Bergemann

No 317, 2008 Meeting Papers from Society for Economic Dynamics

Abstract: We develop the marginal contribution mechanism in detail for a sequential auction of a single object in which each bidders learn over time her true valuation of the object. We show that a modified second price auction leads to truthtelling.

Date: 2008
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Related works:
Working Paper: Dynamic Marginal Contribution Mechanism (2007)
Working Paper: Dynamic Marginal Contribution Mechanism (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:red:sed008:317

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