Technical Note—Dynamic Mechanism Design with Capacity Constraint
研究了当任务数量大时，企业如何设计奖惩方案激励员工，发现容量约束会降低委托人收益并延迟项目完成，且无容量约束的框架可能给出不准确结果。
When the number of tasks is large, how should a firm design reward and penalty schemes to incentivize its employees? In “Dynamic Mechanism Design with Capacity Constraint,” He studies the role of capacity constraint in a project assignment problem, where a principal needs to assign multiple tasks to an agent. The author fully characterizes the optimal mechanism via a sequence of deadlines. This characterization is used to show that the presence of the capacity constraint reduces the principal’s payoff and delays the completion of projects. It further illustrates that the widely adopted no-capacity constraint framework may provide inaccurate results in various dynamic problems.