This paper studies the revelation principle for mechanisms with limited commitment when agents have correlated persistent types over the infinite horizon. After characterizing necessary and sufficient conditions to construct a mechanism with same ex-ante payoffs and interim beliefs to all...

Casting mechanism design with evidence in the framework of Myerson (1982) implies that his generalized revelation principle directly applies, and we thus obtain standard notions of incentive compatible direct mechanisms. Their specific nature depends, however, on whether the presentation of...