2007/01/01 by Birgit Heydenreich, Rudolf Müller, Heydenreich, Birgit +5
Decision Sciences · Economics, Econometrics and Finance · #Auction Theory and Applications #Economic theories and models #Game Theory and Applications
paper · doi:10.4230/dagsemproc.07271.11
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 infinite) outcome space and many of the known results about revenue equivalence are immediate consequences.