research
Dynamic Auctions: A Survey
- Publication date
- Publisher
Abstract
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.Dynamic auctions and mechanisms, Random arrivals and departures, Changing private information, Incentive compatibility