Munich Personal RePEc Archive

Bugs in the proofs of revelation principle

Wu, Haoyang (2010): Bugs in the proofs of revelation principle.

WarningThere is a more recent version of this item available.
[img]
Preview
PDF
MPRA_paper_31222.pdf

Download (151kB) | Preview

Abstract

In the field of mechanism design, the revelation principle has been known for decades. Myerson, Mas-Colell, Whinston and Green gave formal proofs of the revelation principle respectively. However, in this paper, I argue that there are bugs hidden in their proofs.

Available Versions of this Item

UB_LMU-Logo
MPRA is a RePEc service hosted by
the Munich University Library in Germany.