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Revenue Equivalence in Sequential Auctions

Author

Listed:
  • Srobonti Chattopadhyay

    () (Jawaharlal Nehru University)

  • Rittwik Chatterjee

    () (National Institute of Science, Technology and Development Studies)

Abstract

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.

Suggested Citation

  • Srobonti Chattopadhyay & Rittwik Chatterjee, 2012. "Revenue Equivalence in Sequential Auctions," Economics Bulletin, AccessEcon, vol. 32(2), pages 1272-1281.
  • Handle: RePEc:ebl:ecbull:eb-11-00497
    as

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    File URL: http://www.accessecon.com/Pubs/EB/2012/Volume32/EB-12-V32-I2-P121.pdf
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    References listed on IDEAS

    as
    1. Engelbrecht-Wiggans, Richard, 1988. "Revenue equivalence in multi-object auctions," Economics Letters, Elsevier, vol. 26(1), pages 15-19.
    2. Paul Klemperer, 2004. "Auctions: Theory and Practice," Online economics textbooks, SUNY-Oswego, Department of Economics, number auction1.
    3. Paul Klemperer, 2004. "Introduction to Auctions: Theory and Practice," Introductory Chapters,in: Auctions: Theory and Practice Princeton University Press.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Sequential Auction; Revenue Equivalence;

    JEL classification:

    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory

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