Learning about the Future and Dynamic Efficiency.

The conditions under which an efficient allocation of resources can be achieved in a dynamic private-values setting where the designer gradually learns about the distribution of agents' values are examined. It is demonstrated that the dynamic efficient assignment can always be achieved, providing a...

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Publicado en:American Economic Review Vol. 99; no. 4; pp. 1576 - 1588
Autores principales: Gershkov, Alex, Moldovanu, Benny
Formato: Artículo
Publicado: American Economic Association September 2009
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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          Gershkov, Alex
          Moldovanu, Benny
      su:
        Information theory in economics
        Resource allocation -- Mathematical models
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          Information theory in economics
          Resource allocation -- Mathematical models
      ab: The conditions under which an efficient allocation of resources can be achieved in a dynamic private-values setting where the designer gradually learns about the distribution of agents' values are examined. It is demonstrated that the dynamic efficient assignment can always be achieved, providing all payments can be delayed until the conclusion of the entire allocation process.
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    language: English
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