The Dynamic Pivot Mechanism
成果类型：
Article
署名作者：
Bergemann, Dirk; Valimaki, Juuso
署名单位：
Yale University; Aalto University
刊物名称：
ECONOMETRICA
ISSN/ISSBN：
0012-9682
DOI：
10.3982/ECTA7260
发表日期：
2010
页码：
771-789
关键词：
摘要：
We develop the dynamic pivot mechanism in detail for a repeated auction of a single object in which each bidder learns over time her true valuation of the object. The dynamic pivot mechanism here is equivalent to a modified second price auction.