Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
9726381 | Journal of Economic Theory | 2005 | 31 Pages |
Abstract
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.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Balázs Szentes,