You are viewing a single comment's thread from:RE: Economic Concepts #4 - AuctionsView the full contextpetrmisan (45)in #economics • 7 years ago I always found revenue equivalence for auctions to be amazing & highly counter-intuitive at first.
It is quite mathematical and is true in theory but unlikely in reality. Imperfect information and extent of risk aversity play an important factor regarding revenue generated for Dutch and standard sealed bid auctions.