A novel result on the revenue equivalence theorem
This paper gives two examples to break through the revelation principle. Furthermore, the revenue equivalence theorem does not hold.
|Date of creation:||03 Jul 2011|
|Date of revision:|
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- Wu, Haoyang, 2011. "Quantum Bayesian implementation and revelation principle," MPRA Paper 30653, University Library of Munich, Germany.
- Roberto Serrano, 2003.
"The Theory of Implementation of Social Choice Rules,"
Economics Working Papers
0033, Institute for Advanced Study, School of Social Science.
- Roberto Serrano, 2003. "The Theory of Implementation of Social Choice Rules," Working Papers 2003-19, Brown University, Department of Economics.
- Wu, Haoyang, 2011. "On amending the sufficient conditions for Nash implementation," MPRA Paper 30067, University Library of Munich, Germany.
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