Deterministic Mechanisms, the Revelation Principle, and Ex-Post Constraints

Jarman, Felix und Meisner, Vincent (2017): Deterministic Mechanisms, the Revelation Principle, and Ex-Post Constraints. Collaborative Research Center Transregio 190, Discussion Paper No. 32

Abstract

This note establishes a revelation principle in terms of payoff for deterministic mechanisms under ex-post constraints: the maximal payoff implementable by a feasible deterministic mechanism can also be implemented by a feasible deterministic direct mechanism.

• Dokumententyp: Paper
• Keywords: mechanism design; revelation principle; ex-post constraints
• Fakultät: Volkswirtschaft > Collaborative Research Center Transregio "Rationality and Competition"
• Themengebiete: 300 Sozialwissenschaften > 330 Wirtschaft
• JEL Classification: D82
• Sprache: Englisch