Wu, Haoyang (2010): Bugs in the proofs of revelation principle.
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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. However, in this paper, we argue that there are serious bugs hidden in their proofs.
| Item Type: | MPRA Paper |
|---|---|
| Original Title: | Bugs in the proofs of revelation principle |
| 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 |
| Item ID: | 24516 |
| Depositing User: | Haoyang Wu |
| Date Deposited: | 22 Aug 2010 23:49 |
| Last Modified: | 30 Sep 2019 22:04 |
| References: | 1. Myerson, R., ``Optimal coordination mechanisms in generalized principal-agent problems,'' {\em Journal of Mathematical Economics}, vol.10, 67-81, 1982. 2. Myerson, R., http://home.uchicago.edu/~rmyerson/research/revnprl.pdf 3. Mas-Colell, A., MD Whinston, and JR Green, ``Microeconomic Theory'', Oxford: Oxford University Press, 1995. |
| URI: | https://mpra.ub.uni-muenchen.de/id/eprint/24516 |
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