#	Pagina
attuale pagina	/open-h2020/projects/206935/index.html

Opendata, web and dolomites

DYNMECH SIGNED

Dynamic Mechanisms

Total Cost €

EC-Contrib. €

Partnership

Views

Outcomes and
results

DYNMECH project word cloud

Explore the words cloud of the DYNMECH project. It provides you a very rough idea of what is the project "DYNMECH" about.

balanced arrival class hotel ticket virtually delay competitive strategic acceptance workers envisaged permitting evolve actions wait mean event flights capacity concerts competition preferences firms traders restrictions principal stochastically arrive optimal customers examine efficient receive budget complementary bilateral mechanisms regulator desired literature agents sales private trade impossibility stochastic characterizing arrivals investments time policies balance booking dynamic employees regulated agent employer hoc direct buyers events contrary profit allocation demand babysitter offers setting rationale components predictions induce impossible received ad patient instance commit seller unlike maximizing principals

Project "DYNMECH" data sheet

The following table provides information about the project.

Coordinator	FONDATION JEAN-JACQUES LAFFONT,TOULOUSE SCIENCES ECONOMIQUES Organization address address: ALLEE DE BRIENNE, Manufacture des Tabacs 21 city: TOULOUSE postcode: 31000 website: n.a. contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.
Coordinator Country	France [FR]
Total cost	1˙321˙625 €
EC max contribution	1˙321˙625 € (100%)
Programme	1. H2020-EU.1.1. (EXCELLENT SCIENCE - European Research Council (ERC))
Code Call	ERC-2016-STG
Funding Scheme	ERC-STG
Starting year	2017
Duration (year-month-day)	from 2017-01-01 to 2021-12-31

Partnership

Take a look of project's partnership.

#	participants	country	role	EC contrib. [€]
1	FONDATION JEAN-JACQUES LAFFONT,TOULOUSE SCIENCES ECONOMIQUES FONDATION JEAN-JACQUES LAFFONT,TOULOUSE SCIENCES ECONOMIQUES Organization address address: ALLEE DE BRIENNE, Manufacture des Tabacs 21 city: TOULOUSE postcode: 31000 website: n.a. contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	FR (TOULOUSE)	coordinator	1˙321˙625.00

Map

Project objective

This project studies dynamic mechanisms. By “dynamic mechanisms”, we mean policies to which a principal (e.g., a seller, an employer, or a regulator) can commit to induce the agents (e.g., buyers, employees, or regulated firms) to take the desired actions over time. Several components of the project are envisaged:

- Competition in dynamic mechanisms. o I propose a competitive setting in which agents (e.g., buyers or workers) learn about the offers of different principals over time. Agents may receive more than one offer at a time, leading to direct competition between mechanisms. Received offers are agents’ private information, permitting strategic delay of acceptance (for instance, an agent may want to wait to evaluate new offers that received in the future).

- Robust predictions for a rich class of stochastic processes. o We study optimal dynamic mechanisms for agents whose preferences evolve stochastically with time. We develop an approach to partially characterizing these mechanisms which (unlike virtually all of the existing literature) does not depend on ad-hoc restrictions on the stochastic process for preferences.

- Efficient bilateral trade with budget balance: dynamic arrival of traders o I study bilateral trade with budget balance, when traders (i) arrive over time, and (ii) have preferences which evolve stochastically with time. The project aims at an impossibility result in this setting: contrary to the existing literature which does not account for dynamic arrivals, budget-balanced efficient trade is typically impossible, even for very patient traders.

- Pre-event ticket sales and complementary investments o We provide a rationale for the early allocation of capacity to customers for events such as flights and concerts based on customers’ demand for pre-event complementary investments (such as booking a hotel or a babysitter). We examine efficient and profit-maximizing mechanisms.

Publications

List of publications.
year	authors and title	journal	last update
2018	Daniel F Garrett, Renato Gomes, Lucas Maestri Competitive Screening Under Heterogeneous Information published pages: 1590-1630, ISSN: 0034-6527, DOI: 10.1093/restud/rdy072	The Review of Economic Studies 86/4	2020-03-11
2018	Francesc DilmÃ© and Daniel F Garrett RESIDUAL DETERRENCE published pages: , ISSN: 1542-4774, DOI:	Journal of the European Economic Association	2020-03-11

Are you the coordinator (or a participant) of this project? Plaese send me more information about the "DYNMECH" project.

For instance: the website url (it has not provided by EU-opendata yet), the logo, a more detailed description of the project (in plain text as a rtf file or a word file), some pictures (as picture files, not embedded into any word file), twitter account, linkedin page, etc.

Send me an email (fabio@fabiodisconzi.com) and I put them in your project's page as son as possible.

Thanks. And then put a link of this page into your project's website.

The information about "DYNMECH" are provided by the European Opendata Portal: CORDIS opendata.