Deterministic Mechanisms, the Revelation Principle, and Ex-Post Constraints

Authors:

Jarman, Felix (University of Mannheim)
Meisner, Vincent (Technical University Berlin)

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.

Keywords:

mechanism design; revelation principle; ex-post constraints

JEL-Classification:

D82

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