Dynamic Mechanism Design: A Myersonian Approach
We study mechanism design in dynamic quasilinear environments where private information arrives over time and decisions are made over multiple periods. We make three contributions. First, we provide a necessary condition for incentive compatibility that takes the form of an envelope formula for the...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Article |
| Language: | en_US |
| Published: |
The Econometric Society
2015
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| Online Access: | http://hdl.handle.net/1721.1/96767 https://orcid.org/0000-0003-0400-5733 |