Resumen de Revenue Equivalence in Asymmetric Auctions

Arieh Gavious, Gadi Fibich, Aner Sela

• The Revenue Equivalence Theorem is generalized to the case of asymmetric auctions in which each player�s valuation is independently drawn from a common support according to his/her distribution function as follows. Let e be the level of asymmetry among the distribution functions and let R(e) be the seller�s expected revenue in equilibrium.