Piaser, Gwenaël - Dipartimento di Economia, Università Ca' Foscari Venezia - 2006
In this note we show that the equilibrium characterized by Biais, Martimort and Rochet (Econometrica, 2000) could have been characterized by direct mechanisms even if the Revelation Principle does not apply in their setting. The use of more sophisticated mechanisms, such as menus, was not necessary.