Bergemann, Dirk; Strack, Philipp - In: Theoretical economics : TE ; an open access journal in … 17 (2022) 3, pp. 1007-1039
A single seller faces a sequence of buyers with unit demand. The buyers are forward-looking and long-lived. Each buyer has private information about his arrival time and valuation where the latter evolves according to a geometric Brownian motion. Any incentive-compatible mechanism has to induce...
