Essays on dynamic mechanism design
Abstract/Contents
- Abstract
- This dissertation advocates dynamic mechanism design as a useful tool to tackle theoretical challenges in microeconomics and to solve real world institutional design problems. It is composed of two chapters. In the first chapter, I study durable goods sales with a dynamic population of buyers. My contribution is to devise a Multi-round Simultaneous Ascending Auction with Generalized Reserve Price (MSAAGR) to implement the efficient allocation, and to contrast MSAAGR with the standard uniform price auction to highlight the implication of population dynamics on the design of trading platforms. In the second chapter, I estalibsh the possibility of sustaining long-term cooperation in infinitely repeated private monitoring games with scarce signals. My contribution is to construct a novel Budget Mechanism with Cross-Checking (BMCC) which, by linking players' action choices over time, virtually implements the efficient outcome with a vanishing incentive cost as the horizon of the game grows and the players become increasingly patient.
Description
| Type of resource | text |
|---|---|
| Form | electronic; electronic resource; remote |
| Extent | 1 online resource. |
| Publication date | 2012 |
| Issuance | monographic |
| Language | English |
Creators/Contributors
| Associated with | Li, Anqi, (Researcher in mechanism design) |
|---|---|
| Associated with | Stanford University, Department of Economics |
| Primary advisor | Segal, Ilya |
| Thesis advisor | Segal, Ilya |
| Thesis advisor | Jackson, Matthew O |
| Thesis advisor | Levin, Jonathan D. (Jonathan David), 1972- |
| Advisor | Jackson, Matthew O |
| Advisor | Levin, Jonathan D. (Jonathan David), 1972- |
Subjects
| Genre | Theses |
|---|
Bibliographic information
| Statement of responsibility | Anqi Li. |
|---|---|
| Note | Submitted to the Department of Economics. |
| Thesis | Thesis (Ph.D.)--Stanford University, 2012. |
| Location | electronic resource |
Access conditions
- Copyright
- © 2012 by Anqi Li
- License
- This work is licensed under a Creative Commons Attribution Non Commercial 3.0 Unported license (CC BY-NC).
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