| Budget Amount *help |
¥3,770,000 (Direct Cost: ¥2,900,000、Indirect Cost: ¥870,000)
Fiscal Year 2020: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
Fiscal Year 2019: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
Fiscal Year 2018: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
Fiscal Year 2017: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
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| Outline of Final Research Achievements |
I studied the design of desirable mechanisms where resource allocations dynamically take place over time. I derived the optimal selling mechanism when the seller repeatedly allocates goods and buyers have two-dimensional private signals regarding the value of the good and time preferences. In parallel, I conducted an axiomatic analysis of iterative mechanisms in which allocation is determined through sequential open communication. Also, I characterized the theoretical properties of auctions when the valuation of the good is endogenously determined by ex-post investment.
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