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Deterministic mechanisms, the revelation principle, and ex-post constraints

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  • Jarman, Felix
  • Meisner, Vincent

Abstract

This note establishes a revelation principle in terms of payoff for deterministic mechanisms under ex-post constraints: the maximal payoff implementable by a feasible deterministic mechanism can also be implemented by a feasible deterministic direct mechanism.

Suggested Citation

  • Jarman, Felix & Meisner, Vincent, 2017. "Deterministic mechanisms, the revelation principle, and ex-post constraints," Economics Letters, Elsevier, vol. 161(C), pages 96-98.
    • Handle: RePEc:eee:ecolet:v:161:y:2017:i:c:p:96-98
    DOI: 10.1016/j.econlet.2017.09.039
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    References listed on IDEAS

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    1. Jarman, Felix & Meisner, Vincent, 2017. "Ex-post optimal knapsack procurement," Journal of Economic Theory, Elsevier, vol. 171(C), pages 35-63.
    2. Myerson, Roger B, 1979. "Incentive Compatibility and the Bargaining Problem," Econometrica, Econometric Society, vol. 47(1), pages 61-73, January.
    3. Strausz, Roland, 2003. "Deterministic mechanisms and the revelation principle," Economics Letters, Elsevier, vol. 79(3), pages 333-337, June.
    4. Alexey Kushnir, 2013. "On the equivalence between Bayesian and dominant strategy implementation: the case of correlated types," ECON - Working Papers 129, Department of Economics - University of Zurich.
    5. Alex Gershkov & Jacob K. Goeree & Alexey Kushnir & Benny Moldovanu & Xianwen Shi, 2013. "On the Equivalence of Bayesian and Dominant Strategy Implementation," Econometrica, Econometric Society, vol. 81(1), pages 197-220, January.
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    Cited by:

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    2. Gan, Tan & Hu, Ju & Weng, Xi, 2023. "Optimal contingent delegation," Journal of Economic Theory, Elsevier, vol. 208(C).
    3. Boaz Zik, 2023. "Efficient sequential screening with informational externalities," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 75(2), pages 567-590, February.

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    More about this item

    Keywords

    Mechanism design; Revelation principle; Ex-post constraints;
    All these keywords.

    JEL classification:

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

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