08-2 - Comprehension Questions for Mechanism Design 2
Please answer these questions concisely (ideally 1 sentence each).
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If I give you a complicated, indirect mechanism that implements a social choice function f in a DSE, then can you give me a simple direct mechanism that does the same? Explain! *
Why is the revelation principle so useful when trying to find a mechanism with certain positive properties? *
Why is the revelation principle so useful when proving impossibility results about mechanism design? *
Why does the VCG mechanism not violate the HGL or MS impossiblity results? *
What are three positive aspects of the median mechanism compared to other mechanisms? *
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