Lecture 10: Dynamic optimal mechanisms (Mechanism Design)
Channel: economification
Date: 16/11/2020

Dynamic optimal/profit-maximizing mechanisms
Mechanism Design course (Masters in Economics, UCPH, Fall 2020)

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Full course playlist: https://www.youtube.com/playlist?list=PL4pUs4P_j1WasI0kO99OgNNd_hJwpct4D
Course files (lecture notes, problem sets) available at: https://starkov.site/teaching.html

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Stock footage from Videezy.com
Thumbnail uses photo by ThisIsEngineering from Pexels.com

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00:00 Previously on...
01:06 Dynamic optimal mechanisms: Introduction and setup
10:36 Initial and future information: example
22:04 Example Q&A
26:54 Initial and future information
31:25 Future info ≠ future types
37:05 Extracting initial information
49:40 Cookbook for dynamic optimal mechanisms
58:42 Orthogonalization of information
64:05 Asymptotic efficiency
65:45 Summary and Coming next on...