Bugs in the proofs of revelation principle

Haoyang Wu ()

MPRA Paper from University Library of Munich, Germany

Abstract: 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.

Keywords: Revelation principle; Mechanism design; Implementation theory. (search for similar items in EconPapers)
JEL-codes: C72 D71 (search for similar items in EconPapers)
Date: 2010-08-19
New Economics Papers: this item is included in nep-cdm, nep-hpe and nep-reg
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https://mpra.ub.uni-muenchen.de/26222/4/MPRA_paper_26222.pdf revised version (application/pdf)
https://mpra.ub.uni-muenchen.de/31222/1/MPRA_paper_31222.pdf revised version (application/pdf)
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https://mpra.ub.uni-muenchen.de/31465/1/MPRA_paper_31465.pdf revised version (application/pdf)
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