Title of article
Deterministic mechanisms and the revelation principle
Author/Authors
Roland Strausz، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2003
Pages
5
From page
333
To page
337
Abstract
This note shows: (1) the classical revelation principle does not hold for deterministic mechanisms, (2) with one agent, a revelation principle in terms of payoffs holds, and (3) with more than one agent the result fails and direct mechanisms may by suboptimal.
Keywords
Revelation principle , Optimal mechanisms , Adverse Selection
Journal title
Economics Letters
Serial Year
2003
Journal title
Economics Letters
Record number
435185
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