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On the Uniqueness of Dynamic Groves Mechanisms

Listed author(s):
  • Kiho Yoon

    ()

    (Department of Economics, Korea University, Seoul, Republic of Korea)

This paper defines the class of dynamic Groves mechanisms, and examines necessary and sufficient conditions for the uniqueness of dynamic Groves mechanisms. Our approach is to appropriately define the total reward function, which is a dynamic counterpart of the valuation function, and then to port the results for static Groves mechanisms to the dynamic setting.

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File URL: http://econ.korea.ac.kr/~ri/WorkingPapers/w1505.pdf
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Paper provided by Institute of Economic Research, Korea University in its series Discussion Paper Series with number 1505.

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Date of creation: 2015
Handle: RePEc:iek:wpaper:1505
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  1. Dirk Bergemann & Juuso Valimaki, 2008. "The Dynamic Pivot Mechanism," Cowles Foundation Discussion Papers 1672R, Cowles Foundation for Research in Economics, Yale University, revised Dec 2009.
  2. Green, Jerry & Laffont, Jean-Jacques, 1977. "Characterization of Satisfactory Mechanisms for the Revelation of Preferences for Public Goods," Econometrica, Econometric Society, vol. 45(2), pages 427-438, March.
  3. Yoon, Kiho, 2015. "On budget balance of the dynamic pivot mechanism," Games and Economic Behavior, Elsevier, vol. 94(C), pages 206-213.
  4. Susan Athey & Ilya Segal, 2013. "An Efficient Dynamic Mechanism," Econometrica, Econometric Society, vol. 81(6), pages 2463-2485, November.
  5. Carbajal, Juan Carlos, 2010. "On the uniqueness of Groves mechanisms and the payoff equivalence principle," Games and Economic Behavior, Elsevier, vol. 68(2), pages 763-772, March.
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