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Dynamic communication mechanism design

Author

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  • Ryuji Sano

    (Yokohama National University)

Abstract

We consider dynamic communication mechanisms in a quasi-linear environment with single-dimensional types. 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 made. We show that within weakly tight mechanisms, if a communication mechanism is ex-post incentive compatible, then it is a monotone-price mechanism. English auctions are characterized as a class of mechanisms that satisfy ex-post incentive compatibility and efficiency.

Suggested Citation

  • Ryuji Sano, 2021. "Dynamic communication mechanism design," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 57(1), pages 163-180, July.
    • Handle: RePEc:spr:sochwe:v:57:y:2021:i:1:d:10.1007_s00355-021-01309-y
    DOI: 10.1007/s00355-021-01309-y
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    References listed on IDEAS

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