Chattopadhyay, Srobonti; Chatterjee, Rittwik - In: Economics Bulletin 32 (2012) 2, pp. 1272-1281
The revenue equivalence theorem is an widely known result in Auction Theory. This note generalize that theorem for the case of Sequential Auctions. Our results show that under a class of Sequential Auction, if an symmetric and increasing equilibrium bidding strategy exists, then the revenue...