The Revelation Principle and Regularity Conditions

Naoki Kojima ()

Economics and Finance Discussion Papers from Economics and Finance Section, School of Social Sciences, Brunel University

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.

Pages: 14 pages
Date: 2005-03
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