We study a market with competition in schedules, such as in asset auctions or wholesale electricity markets, with boundedly rational sellers that partially neglect the informational content of the price. Using the cursed equilibrium concept, we find that the unique symmetric linear equilibrium...

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...

In mechanism design problems under incomplete information, it is generally difficult to find decision problems that are first best implementable. A decision problem under incomplete information is first best implementable if there exists a mechanism that extracts the private information and...