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Title: The revelation principle and regularity conditions
Authors: Kojima, N
Keywords: Mechanism design; revelation principle; direct mechanism; regularity condition
Issue Date: 2005
Publisher: Brunel University
Citation: Economics and Finance Discussion Papers, Brunel University, 05-06.
Abstract: The revelation principle asserts that every outcome brought by a mechanism is realized by a truthful direct mechanism. The present paper investigates the regularity conditions of these two mechanisms in the continuous space of the agent’s type. It questions what regularity condition a general mechanism confers upon a direct mechanism through the revelation principle. By so doing, we elucidate the limit of the revelation principle.
Appears in Collections:Economics and Finance
Dept of Economics and Finance Research Papers

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