Estimate Based Dynamic Implementation

41 Pages Posted: 27 Aug 2014 Last revised: 19 Sep 2015

See all articles by Olga Gorelkina

Olga Gorelkina

University of Liverpool - Management School (ULMS)

Date Written: September 17, 2015


This paper introduces a virtually efficient mechanism in a setting with sequentially arriving agents who hold informative signals about future types. To reveal the information the principal organises betting on future type reports. An agent’s betting reward depends on how accurately the prior updated on his report predicts the type reports observed in the following period. The mechanism satisfies participation constraints and generates no deficit after any reported history.

Keywords: Dynamic mechanisms, scoring rule, Bayesian learning, conjugate priors

JEL Classification: D71, D82, D84, D61

Suggested Citation

Gorelkina, Olga, Estimate Based Dynamic Implementation (September 17, 2015). MPI Collective Goods Preprint, No. 2014/11, Available at SSRN: or

Olga Gorelkina (Contact Author)

University of Liverpool - Management School (ULMS) ( email )

Chatham Street
Liverpool, L69 7ZH
United Kingdom

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