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Characterization of revenue equivalence

Author

Listed:
  • Heydenreich, B.

    (Quantitative Economics)

  • Müller, R.J.

    (Quantitative Economics)

  • Uetz, M.J.

    (Quantitative Economics)

  • Vohra, R.

    (Externe publicaties SBE)

Abstract

The property of an allocation rule to be implementable in dominant strategies by a unique payment scheme is called 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 in¯nite) outcome space and many of the known results about revenue equivalence are immediate consequence
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Heydenreich, B. & Müller, R.J. & Uetz, M.J. & Vohra, R., 2007. "Characterization of revenue equivalence," Research Memorandum 017, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
    • Handle: RePEc:unm:umamet:2007017
    DOI: 10.26481/umamet.2007017
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    References listed on IDEAS

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    JEL classification:

    • D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions

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