Revenue Equivalence All Common Auction Formats Yield The Same Expected In Theory Any
{"Image DocumentName": "Revenue EquivalenceAll common auction formats yield the same expected revenue (in theory) Any auctions in which:", "Image ImageDescription": "The prize always goes to the person with the highest valuation. A bidder with the lowest possible valuation expects zero surplus. yield the same expected revenue. Mike Shor.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}