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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 ; AssociationsC - Mathematical and Quantitative Methods > C7 - Game Theory and Bargaining Theory > C72 - Noncooperative Games-





Autor: Wu, Haoyang

Fuente: https://mpra.ub.uni-muenchen.de/24516/







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