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Bugs in the proofs of revelation principle

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.
Year of publication:
2010-08-19
Authors: Wu, Haoyang
Institutions: Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject: Revelation principle | Mechanism design | Implementation theory
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application/pdf
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Type of publication: Book / Working Paper
Classification: D71 - Social Choice; Clubs; Committees; Associations ; C72 - Noncooperative Games
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Persistent link: https://www.econbiz.de/10008531910
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