A novel result on the revenue equivalence theorem

Wu, Haoyang (2011): A novel result on the revenue equivalence theorem. Unpublished.

Abstract

This paper gives two examples to break through the revelation principle. Furthermore, the revenue equivalence theorem does not hold.

• Item Type: MPRA Paper
• Language: English
• Keywords: Quantum game theory; Algorithmic Bayesian mechanism; Revelation principle; Revenue equivalence theorem.
• Subjects: D - Microeconomics > D7 - Analysis of Collective Decision-Making > D71 - Social Choice; Clubs; Committees; Associations; D - Microeconomics > D4 - Market Structure and Pricing > D44 - Auctions

References

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