Asymptotic revenue equivalence in auctions

Journal of Economic Theory

Volumn 106, Issue 1, 2002, Pages 161-176

  Bali, Valentina ^a   Jackson, Matthew ^b  

^a MICHIGAN STATE UNIVERSITY   (United States)

^b CALIFORNIA INSTITUTE OF TECHNOLOGY   (United States)

Author keywords

Auctions; Equivalence; Mechanisms; Revenue

Indexed keywords

EID: 0036747253     PISSN: 00220531     EISSN: None     Source Type: Journal    
DOI: 10.1006/jeth.2001.2870     Document Type: Article

References (14)

1. J. Crémer and R. McLean, Full extraction of the surplus in Bayesian and dominant strategy auctions, Econometrica 56 (1988), 1247-1257.
2. J. K. Goeree and T. Offerman, Competitive bidding in auctions with private and common values, mimeo, University of Virginia, 1999.
3. M. O. Jackson and I. Kremer, On the concentration of allocations and the comparison of auctions in large economics, mimeo, California Institute of Technology, Pasadena, CA, 2001.
4. I. Kremer, Information aggregation in common value auctions, mimeo, Northwestern University, Evanston, IL, 1999.
5. R. P. McAfee and P. Reny, Correlated information and mechanism design, Econometrica 60 (1992), 395-422.
6. P. Milgrom, A convergence theorem for competitive bidding with differential information, Econometrica 47 (1979), 670-688.
7. P. Milgrom, Rational expectations, information acquisition, and competitive bidding, Econometrica 49 (1981), 921-944.
8. P. Milgrom and R. Weber, A theory of auctions and competitive bidding, Econometrica 50 (1982), 1089-1122.
9. R. Myerson, Incentive compatibility and the bargaining problem, Econometrica 47 (1979), 61-74.
10. R. Myerson, Optimal auction design, Mathematics of Operations Research 6 (1981), 58-73.
11. P. J. Reny, Revenue equivalence with interdependent values, mimeo, University of Chicago, Chicago, IL, 1999.
12. J. Riley and W. Samuelson, Optimal auctions, Amer. Econ. Rev. 71 (1981), 381-392.
13. J. Swinkels, Efficiency of large private value auctions, Econometrica 69 (2001), 37-68.
14. R. Wilson, A bidding model of perfect competition, Rev. Econ. Stud. 44 (1977), 511-518.