$\newcommand{\ci}{\perp\!\!\!\perp}$ Although a probabilistic directed acyclic graph (DAG) can only be inferred from conditional independence (CI) properties of the variables up to a Markov equivalence class, are there CI properties which cannot be represented as a DAG?
Maybe answering my question, in the paper "Beware of the DAG!", NIPS 2008, from AP Dawid, the author says:
"It is important to note that, for given variable set $\mathscr{V}$, the collection of CI properties $\mathscr{C}$ that can be represented by a DAG is very special. Thus with $\mathscr{V} =\{X,Y,Z\}$, the pair of properties $\{X \ci Y,X\ci Y\ |\ Z\}$ has no DAG representation."
Is that so? What about a DAG without edges, wouldn't it satisfy those properties?