Showing 1 - 10 of 62
We study the problem of designing dynamic double auctions for two-sided markets in which a platform intermediates the trade between one seller offering independent items to multiple buyers, repeatedly over a finite horizon, when agents have private values. Motivated by online platforms for...
Persistent link: https://www.econbiz.de/10013227581
Persistent link: https://www.econbiz.de/10013366459
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.We...
Persistent link: https://www.econbiz.de/10012539012
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.We...
Persistent link: https://www.econbiz.de/10012854936
Many online platforms act as intermediaries between a seller and a set of buyers. Examples of such settings include online retailers (such as Ebay) selling items on behalf of sellers to buyers, or advertising exchanges (such as AdX) selling pageviews on behalf of publishers to advertisers. In...
Persistent link: https://www.econbiz.de/10012958072
Dynamic mechanism design expands the scope of allocations that can be implemented and the performance that can be attained compared to static mechanisms. Even under stringent participation constraints and restrictions on transfers, recent work demonstrated that it is possible for a designer to...
Persistent link: https://www.econbiz.de/10014091674
Persistent link: https://www.econbiz.de/10015271585
Persistent link: https://www.econbiz.de/10012515932
Persistent link: https://www.econbiz.de/10015416664
Persistent link: https://www.econbiz.de/10012430768