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|Title:||The revelation principle and regularity conditions|
|Keywords:||Mechanism design; revelation principle; direct mechanism; regularity condition|
|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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