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Theoretical Economics
Article . 2019 . Peer-reviewed
Data sources: Crossref
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Theoretical Economics
Article
License: CC BY NC
Data sources: UnpayWall
EconStor
Article . 2019
License: CC BY NC
Data sources: EconStor
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Full surplus extraction and within-period ex post implementation in dynamic environments

Authors: Noda, Shunya;

Full surplus extraction and within-period ex post implementation in dynamic environments

Abstract

We study full surplus extraction and implementation in dynamic environments. We exploit intertemporal correlations of agents' types to construct within-period ex post incentive compatible mechanisms. First, we formulate one-shot environments, in which a single agent has a hidden type and the planner observes a public signal about the agent's type after a type-contingent allocation is chosen. We propose necessary and sufficient conditions for full surplus extraction (strong detectability) and for implementability of the targeted allocation rule (weak detectability) in this one-shot problem. We decompose the general dynamic problem into one-shot problems, and obtain sufficient conditions for surplus extraction and implementation.

Keywords

D82, C73, ddc:330, full surplus extraction, Dynamic mechanism design, perfect Bayesian equilibrium, D47, revenue maximization, D86

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
3
Average
Average
Average
gold