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
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Paper provided by Northwestern University, Center for Mathematical Studies in Economics and Management Science in its series Discussion Papers with number
1448.
Length: Date of creation: May 2007 Date of revision: Handle: RePEc:nwu:cmsems:1448
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Paper
Müller Rudolf & Uetz Marc & Vohra Rakesh & Heydenreich Birgit, 2007.
"Characterization of Revenue Equivalence,"
Research Memoranda
017, Maastricht : METEOR, Maastricht Research School of Economics of Technology and Organization.
[Downloadable!]
Heydenreich Birgit & Müller Rudolf & Uetz Marc & Vohra Rakesh, 2008.
"Characterization of Revenue Equivalence,"
Research Memoranda
001, Maastricht : METEOR, Maastricht Research School of Economics of Technology and Organization.
[Downloadable!]
Find related papers by JEL classification: D44 - Microeconomics - - Market Structure and Pricing - - - Auctions
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