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Quantum Bayesian implementation and revelation principle

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Author Info

  • Wu, Haoyang

Abstract

Bayesian implementation concerns decision making problems when agents have incomplete information. This paper proposes that the traditional sufficient conditions for Bayesian implementation shall be amended by virtue of a quantum Bayesian mechanism. In addition, by using an algorithmic Bayesian mechanism, this amendment holds in the macro world. More importantly, we find that the revelation principle is not always right by using the quantum and algorithmic Bayesian mechanisms.

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File URL: http://mpra.ub.uni-muenchen.de/30653/
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File URL: http://mpra.ub.uni-muenchen.de/35658/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 30653.

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Date of creation: 28 Apr 2011
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Handle: RePEc:pra:mprapa:30653

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Related research

Keywords: Quantum game theory; Mechanism design; Bayesian implementation; Revelation principle;

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References

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  1. Jackson, Matthew O, 1991. "Bayesian Implementation," Econometrica, Econometric Society, vol. 59(2), pages 461-77, March.
  2. Wu, Haoyang, 2011. "On amending the sufficient conditions for Nash implementation," MPRA Paper 30067, University Library of Munich, Germany.
  3. Roberto Serrano, 2003. "The Theory of Implementation of Social Choice Rules," Working Papers 2003-19, Brown University, Department of Economics.
  4. Postlewaite, Andrew & Schmeidler, David, 1986. "Implementation in differential information economies," Journal of Economic Theory, Elsevier, vol. 39(1), pages 14-33, June.
  5. Matsushima Hitoshi, 1993. "Bayesian Monotonicity with Side Payments," Journal of Economic Theory, Elsevier, vol. 59(1), pages 107-121, February.
  6. Maskin, Eric, 1999. "Nash Equilibrium and Welfare Optimality," Review of Economic Studies, Wiley Blackwell, vol. 66(1), pages 23-38, January.
  7. Palfrey, Thomas R & Srivastava, Sanjay, 1989. "Implementation with Incomplete Information in Exchange Economies," Econometrica, Econometric Society, vol. 57(1), pages 115-34, January.
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Cited by:
  1. Wu, Haoyang, 2011. "A novel result on the revenue equivalence theorem," MPRA Paper 31988, University Library of Munich, Germany.

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