动态机制设计:基础导论
Dynamic mechanism design: An elementary introduction
AI总结:
本文以导论形式介绍动态机制设计,分别刻画最优机制的完美贝叶斯激励相容条件与有效机制中的 Groves 唯一性,并说明静态机制设计结果可扩展至动态环境。
摘要:
本文以基础方式介绍动态机制设计。我们首先考察最优动态机制:找出完美贝叶斯激励相容的充要条件,并阐述最优动态机制问题。随后考察有效动态机制:确立 Groves 机制的唯一性,并针对双边交易环境较为详细地研究动态 pivot 机制的预算平衡。本导论表明,静态机制设计的许多结果和技术可直接扩展并调整,用于分析动态环境。
英文摘要:
This paper introduces dynamic mechanism design in an elementary fashion. We first examine optimal dynamic mechanisms: We find necessary and sufficient conditions for perfect Bayesian incentive compatibility and formulate the optimal dynamic mechanism problem. We next examine efficient dynamic mechanisms: We establish the uniqueness of Groves mechanism and investigate budget balance of the dynamic pivot mechanism in some detail for a bilateral trading environment. This introduction reveals that many results and techniques of static mechanism design can be straightforwardly extended and adapted to the analysis of dynamic settings.
机构、总结、中文摘要均由AI分析而来,可能存在错误,请以论文正文为准。