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The Uniqueness of Dynamic Groves Mechanisms on Restricted Domains

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한국경제학회 (The Korean Economic Association)|2021.07|The Korean Economic Review|제37권 제2호|pp. 263-285|DOI 10.22841/kerdoi.2021.37.2.003

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키워드

Groves MechanismDynamic Mechanism DesignEx-post Incentive CompatibilityOutcome Efficiency그로브즈 메카니즘동태적 메커니즘 디자인사후적 유인정합성결과 효율성
주제분류경제학

초록

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.

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.

참고문헌 (23)

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