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A dynamic mechanism design problem is considered. We suppose dynamic population and identical perishable goods, such as time slots of a central facility and hotel rooms. We consider a situation where each agent needs to keep an object for more than one period to make profits. The seller makes...
Persistent link: https://www.econbiz.de/10014163776
This paper considers dynamic communication mechanisms in a quasi-linear single-value environment. The mechanism designer gradually identifies agents' valuations by iteratively offering prices to agents at different stages. Agents pay the maximum price they accepted if their desirable decision is...
Persistent link: https://www.econbiz.de/10012869216