The Revelation Principle (EC2261@UWO)
Channel: Bruno Salcedo
Date: 2020-03-25

In most mechanism design problems, there are so many possible mechanisms to consider that finding the best one might seep impossible. The revelation principle tells us that, without loss of generality, we can restrict attention to a simple class of mechanisms known as incentive-compatible direct mechanisms. 

These videos were prepared with very short notice due to the 2020 COVID-19 pandemic. As a result, there are some typos and minor mistakes. For example, at 1:45 I should have written "transfer" instead of "type". 

Virtual Lectures for EC2261 at Western University. 

Find the corresponding lecture notes at http://brunosalcedo.com/2261.html