Revenue Equivalence in Sequential Auctions
The revenue equivalence theorem is an widely known result in Auction Theory. This note generalize that theorem for the case of Sequential Auctions. Our results show that under a class of Sequential Auction, if an symmetric and increasing equilibrium bidding strategy exists, then the revenue equivalence still holds for that class of Sequential Auctions.
Volume (Year): 32 (2012)
Issue (Month): 2 ()
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- Paul Klemperer, 2004.
"Auctions: Theory and Practice,"
Online economics textbooks,
SUNY-Oswego, Department of Economics, number auction1, March.
- Paul Klemperer, 2004.
"Introduction to Auctions: Theory and Practice
[Auctions: Theory and Practice]," Introductory Chapters, Princeton University Press.
- Engelbrecht-Wiggans, Richard, 1988. "Revenue equivalence in multi-object auctions," Economics Letters, Elsevier, vol. 26(1), pages 15-19.
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