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- W4246454596 abstract "Abstract This chapter discusses how auction theory under independent types can be presented as a mechanism design problem. It is shown that any two mechanisms that allocate the object in the same way and yield the same expected surplus to the individual with the lowest type will generate the same expected revenue for the seller. A general version of the Revenue Equivalence Theorem is presented and the optimal auction is characterized." @default.
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- W4246454596 date "2004-11-04" @default.
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- W4246454596 title "Mechanism Design" @default.
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- W4246454596 doi "https://doi.org/10.1093/019927598x.003.0006" @default.
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