Statements (23)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:economic_policy
game theory concept |
| gptkbp:appliesTo |
incentive compatibility
mechanism design problems |
| gptkbp:citation |
gptkb:Maskin,_Eric_(1977)._Nash_equilibrium_and_welfare_optimality.
gptkb:Myerson,_Roger_B._(1979)._Incentive_compatibility_and_the_bargaining_problem. |
| gptkbp:describes |
equivalence between indirect and direct mechanisms
|
| gptkbp:field |
economics
game theory mechanism design |
| https://www.w3.org/2000/01/rdf-schema#label |
revelation principle
|
| gptkbp:notableFigure |
gptkb:Eric_Maskin
gptkb:Roger_Myerson |
| gptkbp:originatedIn |
1970s
|
| gptkbp:relatedTo |
direct revelation mechanism
indirect mechanism truthful mechanisms |
| gptkbp:state |
for any outcome achievable by an incentive-compatible mechanism, there exists a direct mechanism where truth-telling is optimal
|
| gptkbp:used_in |
social choice theory
auction theory contract theory |
| gptkbp:bfsParent |
gptkb:Mechanism_Design_Theory
|
| gptkbp:bfsLayer |
6
|