Dynamic Auctions: A Survey
CFDP Revision Date
We survey the recent literature on designing auctions and mechanisms for dynamic settings. Two settings are considered: those with a dynamic population of agents whose private information remains ﬁxed throughout time; and those with a ﬁxed population of agents whose private information changes across time. Within each of these settings, we discuss both eﬀicient (welfare-maximizing) and optimal (revenue-maximizing) mechanisms.
Bergemann, Dirk and Said, Maher, "Dynamic Auctions: A Survey" (2010). Cowles Foundation Discussion Papers. 2086.