COWLES FOUNDATION FOR RESEARCH IN
ECONOMICS Box 208281
COWLES FOUNDATION DISCUSSION PAPER NO. 1757 DYNAMIC AUCTIONS: A SURVEY Dirk Bergemann and Maher Said March 2010 We survey the recent literature on designing auctions and mechanisms
for dynamic settings. Two settings are considered: those with a dynamic population of
agents or buyers whose private information remains fixed throughout time; and those with a
fixed population of agents or buyers whose private information changes across time. Within
each of these settings, we discuss both efficient (welfare-maximizing) and optimal
(revenue-maximizing) mechanisms. |
