The Revelation Principle and Regularity Conditions
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.
Year of publication: |
2005-03
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Authors: | KOJIMA, Naoki |
Institutions: | Economics and Finance Section, School of Social Sciences, Brunel University |
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