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Lecture 19: Revenue Equivalence
Description
MIT 14.12 Economic Applications of Game Theory, Fall 2025
Instructor: Ian Ball
View the complete course: https://ocw.mit.edu/courses/14-12-economic-applications-of-game-theory-fall-2025/
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In this session, Ian Ball explains revenue equivalence, which is a concept in auction theory that states that given certain conditions, any mechanism that results in the same outcomes, also has the same expected revenue.
License: Creative Commons BY-NC-SA
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