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Equilibrium transformations and the Revenue Equivalence Theorem [An article from: Journal of Economic Theory]
Book Details
Author(s)B. Szentes
PublisherElsevier
ISBN / ASINB000RR4PES
ISBN-13978B000RR4PE0
MarketplaceIndia 🇮🇳
Description
This digital document is a journal article from Journal of Economic Theory, published by Elsevier in 2005. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.
Description:
I develop a method that transforms an equilibrium strategy profile from one auction to another. The method is constructive and does not require complicated computation. This provides a new approach to revenue equivalence and extends the theorem to domains where it had not previously been known, in particular to simultaneous multiple object auctions with complete information and to auction environments having correlated private values and common values.
Description:
I develop a method that transforms an equilibrium strategy profile from one auction to another. The method is constructive and does not require complicated computation. This provides a new approach to revenue equivalence and extends the theorem to domains where it had not previously been known, in particular to simultaneous multiple object auctions with complete information and to auction environments having correlated private values and common values.
