Optimal dynamic mechanism design via a virtual VCG mechanism | Zendy

Sham M. Kakade | Zendy; Ilan Lobel | Zendy; Hamid Nazerzadeh | Zendy

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Optimal dynamic mechanism design via a virtual VCG mechanism

Author(s) -

Sham M. Kakade,

Ilan Lobel,

Hamid Nazerzadeh

Publication year - 2011

Publication title -

acm sigecom exchanges

Language(s) - English

Resource type - Journals

ISSN - 1551-9031

DOI - 10.1145/1978721.1978728

Subject(s) - mechanism (biology) , mechanism design , computer science , affine transformation , separable space , simple (philosophy) , mathematical optimization , vickrey–clarke–groves auction , transformation (genetics) , mathematics , mathematical economics , common value auction , mathematical analysis , philosophy , statistics , biochemistry , chemistry , epistemology , auction theory , pure mathematics , gene

We consider the problem of designing revenue maximizing mechanisms for dynamic settings. We propose a simple optimal mechanism for rather general "separable" settings. The proposed mechanism is implemented via an affine transformation of a dynamic VCG mechanism.

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