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Revenue equivalence

 Home Mathematics Fields of mathematics Applied mathematics Social choice theory Mechanism design
 0 By others on same topic  0 Discussions  1970-01-01  See my version
Revenue equivalence is a fundamental concept in auction theory and game theory that states that under certain conditions, different types of auction formats will yield the same expected revenue for the seller. The idea is based on several assumptions about the bidders' behavior and the auction environment.

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