= Symmetric independent private values model
= SIPV model
{c}
{synonym}
The <independent private values model> is symmetric when bidders have identical roles and draw their valuations independently from the same distribution. For <revenue equivalence> in the usual single-object setting, bidders additionally have <risk neutrality> and <quasilinear utility>. Under a strictly increasing symmetric equilibrium bidding rule, a type $v$ wins with probability $F(v)^{n-1}$.
// Target: mathematical-optimization.bigb
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