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The Revenue Equivalence Theorem
, 2012
"... Note: This is a only a draft version, so there could be flaws. If you find any errors, please do send email to ..."
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Note: This is a only a draft version, so there could be flaws. If you find any errors, please do send email to
A revenue equivalence theorem for electricity auctions
, 2004
"... The purpose of this paper is to analyze the real–time trading of electricity. We address a model for an auction–like trading which captures key features of the real–world electricity markets. Our main result establishes that, under certain conditions, the expected total payment to the electricity pr ..."
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Cited by 1 (1 self)
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producers is independent on particular auction type. This result is analogous to the revenue equivalence theorem known for classical auctions and could contribute to an improved understanding and comparison of different electricity market designs. 1 An electricity auction model Over the last decade
A MEASURE OF THE VARIABILITY OF REVENUE IN AUCTIONS: A LOOK AT THE REVENUE EQUIVALENCE THEOREM
, 2006
"... One notsointuitive result in auction theory is the revenue equivalence theorem, which states that as long as an auction complies with some conditions, it will on average generate the same revenue to an auctioneer as the revenue generated by any other auction that complies with them. Surprisingly, ..."
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One notsointuitive result in auction theory is the revenue equivalence theorem, which states that as long as an auction complies with some conditions, it will on average generate the same revenue to an auctioneer as the revenue generated by any other auction that complies with them. Surprisingly
A Test of Revenue Equivalence Theorem using Field Experiments on eBay. Working Paper
, 2004
"... We conducted 80 auctions on eBay. Forty of these auctions were for various popular music CDs while the remaining40auctionswereforvideogames for Microsoft’s Xbox gaming console. The revenue equivalence theorem states that any auction form having the same effective reserve price yields the same expect ..."
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Cited by 13 (1 self)
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We conducted 80 auctions on eBay. Forty of these auctions were for various popular music CDs while the remaining40auctionswereforvideogames for Microsoft’s Xbox gaming console. The revenue equivalence theorem states that any auction form having the same effective reserve price yields the same
AUCTION PRICING: A CASE STUDY ASSESSING THE PRICE ELASTICITY OF DEMAND BASED ON SUPPLY AND THE REVENUE EQUIVALENCE THEOREM
"... This paper addresses the price elasticity of demand related to various categories of goods sold within the consignment auctionmarketing environment. An actual ongoing nontraditional business organization specializing in the nationwide distribution of merchandise via consignment auctions provides ..."
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Equivalence Theorem is an auction theory supporting the expectation of less fluctuation in demand regardless of the type of auction used. Although this paper does not address revenue expectations related to the type of auction format utilized, this paper does address revenue expectations related to two
Auction Theory: A Guide to the Literature
 JOURNAL OF ECONOMIC SURVEYS
, 1999
"... This paper provides an elementary, nontechnical, survey of auction theory, by introducing and describing some of the critical papers in the subject. (The most important of these are reproduced in a companion book, The Economic Theory of Auctions, Paul Klemperer (ed.), Edward Elgar (pub.), forthco ..."
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Cited by 534 (5 self)
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.), forthcoming.) We begin with the most fundamental concepts, and then introduce the basic analysis of optimal auctions, the revenue equivalence theorem, and marginal revenues. Subsequent sections address riskaversion, affiliation, asymmetries, entry, collusion, multiunit auctions, double auctions, royalties
Revenue Equivalence in Asymmetric Auctions
 J. Econom. Theory. Forthcoming
, 2002
"... The Revenue Equivalence Theorem is generalized to the case of asymmetric auctions in which each player's valuation is drawn independently from a common support according to his/her distribution function. ..."
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Cited by 13 (7 self)
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The Revenue Equivalence Theorem is generalized to the case of asymmetric auctions in which each player's valuation is drawn independently from a common support according to his/her distribution function.
Loopy belief propagation for approximate inference: An empirical study. In:
 Proceedings of Uncertainty in AI,
, 1999
"... Abstract Recently, researchers have demonstrated that "loopy belief propagation" the use of Pearl's polytree algorithm in a Bayesian network with loops can perform well in the context of errorcorrecting codes. The most dramatic instance of this is the near Shannonlimit performanc ..."
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Cited by 676 (15 self)
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limit performance of "Turbo Codes" codes whose decoding algorithm is equivalent to loopy belief propagation in a chainstructured Bayesian network. In this paper we ask: is there something spe cial about the errorcorrecting code context, or does loopy propagation work as an ap proximate inference scheme
Simplify: A theorem prover for program checking
 J. ACM
, 2003
"... This paper provides a detailed description of the automatic theorem prover Simplify, which is the proof engine of the Extended Static Checkers ESC/Java and ESC/Modula3. Simplify uses the NelsonOppen method to combine decision procedures for several important theories, and also employs a matcher to ..."
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Cited by 431 (2 self)
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This paper provides a detailed description of the automatic theorem prover Simplify, which is the proof engine of the Extended Static Checkers ESC/Java and ESC/Modula3. Simplify uses the NelsonOppen method to combine decision procedures for several important theories, and also employs a matcher
Journal of Economic Theory 115 (2004) 309–321 Revenue equivalence in asymmetric auctions
"... The Revenue Equivalence Theorem is generalized to the case of asymmetric auctions in which each player’s valuation is drawn independently from a common support according to his/her distribution function. ..."
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The Revenue Equivalence Theorem is generalized to the case of asymmetric auctions in which each player’s valuation is drawn independently from a common support according to his/her distribution function.
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