Article ID Journal Published Year Pages File Type
5060356 Economics Letters 2013 5 Pages PDF
Abstract
► We analyze dynamic allocation problem with impatient agents. ► We show that a non-Bayesian learning procedure leads to the efficient allocation of resources. ► This highlights the role of the learning procedure in dynamic mechanism design problems.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Non-Bayesian optimal search and dynamic implementation
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