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Learning about the future and dynamic efficiency

Authors :
Gershkov, Alex
Moldovanu, Benny
Source :
American Economic Review. Sept, 2009, Vol. 99 Issue 4, p1576, 12 p.
Publication Year :
2009

Abstract

Conditions for achieving efficient allocation of resources in a dynamic private values setting where designers learn about the distribution of agent values are studied. Implementation of efficient policies is possible upon delaying necessary monetary transfers.

Subjects

Subjects :
Resource allocation -- Research
Industrial efficiency -- Research
Business
Economics

Details

Language :
English
ISSN :
00028282
Volume :
99
Issue :
4
Database :
Gale General OneFile
Journal :
American Economic Review
Publication Type :
Academic Journal
Accession number :
edsgcl.211514508

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