Dynamic Mechanism Design: Robustness and Endogenous Types

  title={Dynamic Mechanism Design: Robustness and Endogenous Types},
  author={Alessandro Pavan}
Long-term contracting plays an important role in a variety of economic problems including trade, employment, regulation, taxation, and finance. Most long-term relationships take place in a “changing world,” that is, in an environment that evolves (stochastically) over time. Think, for example, of (a) the provision of private and public goods to agents whose valuations evolve over time, as the result of shocks to their preferences or learning and experimentation, (b) the design of multi-period… CONTINUE READING