Characterization of revenue equivalence


Heydenreich, B. and Müller, R. and Uetz, M.J. and Vohra, R. (2009) Characterization of revenue equivalence. Econometrica, 77 (1). pp. 307-316. ISSN 1468-0262

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Abstract:The property of an allocation rule to be implementable in dominant strategies by a unique payment scheme is called revenue equivalence. We give a characterization of revenue equivalence based on a graph theoretic interpretation of the incentive compatibility constraints. The characterization holds for any (possibly infinite) outcome space and many of the known results are immediate consequences. Moreover, revenue equivalence can be identified in cases where existing theorems are silent.
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Electrical Engineering, Mathematics and Computer Science (EEMCS)
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