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Bugs in the proofs of revelation principle

Authors
Publication Date
Keywords
  • D71 - Social Choice
  • Clubs
  • Committees
  • Associations
  • C72 - Noncooperative Games
Disciplines
  • Design

Abstract

In the field of mechanism design, the revelation principle has been known for decades. Myerson, Mas-Colell, Whinston and Green gave formal proofs of the revelation principle respectively. However, in this paper, I argue that there are bugs hidden in their proofs.

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