Bugs in the proofs of revelation principle

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

Abstract

The revelation principle has been known in the economics society for decades. In this paper, I will investigate it from a physical perspective, i.e., considering the energy consumed by agents and the designer in participating a mechanism.

• Item Type: MPRA Paper
• Language: English
• Keywords: Revelation principle; Mechanism design; Implementation theory.
• Subjects: D - Microeconomics > D7 - Analysis of Collective Decision-Making > D71 - Social Choice; Clubs; Committees; Associations; C - Mathematical and Quantitative Methods > C7 - Game Theory and Bargaining Theory > C72 - Noncooperative Games

References

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