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establish a revenue uniqueness result: for every dominant strategy implementable allocation rule, there is a unique payment rule …
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establish a revenue uniqueness result: for every dominant strategy implementable allocation rule, there is a unique payment rule …
Persistent link: https://www.econbiz.de/10011657364
We give a sufficient condition on the type space for revenue equivalence when the set of social alternatives consists of probability distributions over a finite set. Types are identified with real-valued functions that assign valuations to elements of this finite set, and the type space is...
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