Econometrica: Sep, 2020, Volume 88, Issue 5

Non-Clairvoyant Dynamic Mechanism Design

https://doi.org/10.3982/ECTA15530
p. 1939-1963

Vahab Mirrokni, Renato Paes Leme, Pingzhong Tang, Song Zuo

We introduce a new family of dynamic mechanisms that restricts sellers from using future distributional knowledge. Since the allocation and pricing of each auction period do not depend on the type distributions of future periods, we call this family of dynamic mechanisms non‐clairvoyant.

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