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Revelation Principle with Persistent Correlated Types: Impossibility Result

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  • Suehyun Kwon

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  • Suehyun Kwon, 2019. "Revelation Principle with Persistent Correlated Types: Impossibility Result," CESifo Working Paper Series 7782, CESifo.
    • Handle: RePEc:ces:ceswps:_7782
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    References listed on IDEAS

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    1. Gerardi, Dino, 2018. "Dynamic Contracting with Limited Commitment and the Ratchet Effect," CEPR Discussion Papers 12699, C.E.P.R. Discussion Papers.
    2. Tröger, Thomas & Mylovanov, Timofiy, 2012. "Mechanism design by an informed principal: the quasi-linear private-values case," Working Papers 12-14, University of Mannheim, Department of Economics.
    3. Marina Halac & Pierre Yared, 2018. "Fiscal Rules and Discretion in a World Economy," American Economic Review, American Economic Association, vol. 108(8), pages 2305-2334, August.
    4. Drew Fudenberg & David Levine & Eric Maskin, 2008. "The Folk Theorem With Imperfect Public Information," World Scientific Book Chapters, in: Drew Fudenberg & David K Levine (ed.), A Long-Run Collaboration On Long-Run Games, chapter 12, pages 231-273, World Scientific Publishing Co. Pte. Ltd..
    5. Suehyun Kwon, 2019. "Informed-Principal Problem in Mechanisms with Limited Commitment," CESifo Working Paper Series 7513, CESifo.
    6. Yeon-Koo Che & Johannes Hörner, 2018. "Recommender Systems as Mechanisms for Social Learning," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 133(2), pages 871-925.
    7. Tymofiy Mylovanov & Thomas Tröger, 2014. "Mechanism Design by an Informed Principal: Private Values with Transferable Utility," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 81(4), pages 1668-1707.
    8. Gerardi, Dino & Maestri, Lucas, 2020. "Dynamic contracting with limited commitment and the ratchet effect," Theoretical Economics, Econometric Society, vol. 15(2), May.
    9. Liu, Heng, 2018. "Efficient dynamic mechanisms in environments with interdependent valuations: the role of contingent transfers," Theoretical Economics, Econometric Society, vol. 13(2), May.
    10. Drew Fudenberg & Eric Maskin, 2008. "The Folk Theorem In Repeated Games With Discounting Or With Incomplete Information," World Scientific Book Chapters, in: Drew Fudenberg & David K Levine (ed.), A Long-Run Collaboration On Long-Run Games, chapter 11, pages 209-230, World Scientific Publishing Co. Pte. Ltd..
    11. Cremer, Jacques & McLean, Richard P, 1985. "Optimal Selling Strategies under Uncertainty for a Discriminating Monopolist When Demands Are Interdependent," Econometrica, Econometric Society, vol. 53(2), pages 345-361, March.
    12. Bester, Helmut & Strausz, Roland, 2001. "Contracting with Imperfect Commitment and the Revelation Principle: The Single Agent Case," Econometrica, Econometric Society, vol. 69(4), pages 1077-1098, July.
    13. Alessandro Pavan & Ilya Segal & Juuso Toikka, 2014. "Dynamic Mechanism Design: A Myersonian Approach," Econometrica, Econometric Society, vol. 82(2), pages 601-653, March.
    14. Milton Harris & Bengt Holmstrom, 1982. "A Theory of Wage Dynamics," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 49(3), pages 315-333.
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    More about this item

    Keywords

    mechanism design; limited commitment; revelation principle; informed-principal problem; persistence; correlated types;
    All these keywords.

    JEL classification:

    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design

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