| Budget Amount *help |
¥3,380,000 (Direct Cost: ¥2,600,000、Indirect Cost: ¥780,000)
Fiscal Year 2015: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
Fiscal Year 2014: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
Fiscal Year 2013: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
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| Outline of Final Research Achievements |
I study environments in which objects are repeatedly allocated by auctions. First, I study dynamic mechanism design problem in which objects are allocated in each period and agents have perfect complementarity for intertemporal objects. I characterize the incentive compatibility in the environment with multi-dimensional type and derive both efficient and revenue-maximizing mechanisms. Second, I also study sequential auctions of heterogeneous objects. I provide the conditions for the existence of a symmetric increasing equilibrium and for declining prices in the equilibrium.
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