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The Uniqueness of Dynamic Groves Mechanisms on Restricted Domains

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  • Kiho Yoon

    (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.

Suggested Citation

  • Kiho Yoon, 2021. "The Uniqueness of Dynamic Groves Mechanisms on Restricted Domains," Korean Economic Review, Korean Economic Association, vol. 37, pages 263-285.
    • Handle: RePEc:kea:keappr:ker-20210701-37-2-03
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    References listed on IDEAS

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    Cited by:

    1. Kiho Yoon, 2021. "The Uniqueness of Dynamic Groves Mechanisms on Restricted Domains," Korean Economic Review, Korean Economic Association, vol. 37, pages 263-285.
    2. Kiho Yoon, 2021. "Dynamic mechanism design: An elementary introduction," Papers 2106.04850, arXiv.org.

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    More about this item

    Keywords

    Groves Mechanism; Dynamic Mechanism Design; Ex-post Incentive Compatibility; Outcome Efficiency;
    All these keywords.

    JEL classification:

    • C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
    • D47 - Microeconomics - - Market Structure, Pricing, and Design - - - Market Design
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design

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