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Characterization of Revenue Equivalence

Heydenreich, B. and Müller, R. and Uetz, M.J. and Vohra, R. (2008) Characterization of Revenue Equivalence. [Report]

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Abstract:	The property of an allocation rule to be implementable in dominant strategies by a unique payment scheme is called $\emph{revenue equivalence}$ . In this paper 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.
Item Type:	Report
Faculty:	Electrical Engineering, Mathematics and Computer Science (EEMCS)
Research Group:	Discrete Mathematics and Mathematical Programming (DMMP)
Link to this item:	http://purl.utwente.nl/publications/64557
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