Let $f:Y_\bullet\to X_\bullet$ be an epimorphism of simplicial sets and define the bi-simplicial set $$ F_{\bullet\bullet}=\ldots Y\times_X Y\times_X Y\underset{\to}{\underset{\to}{\to}}Y\times_X Y \underset{\to}{\to}Y $$ as usual (link). Now $F_{\bullet\bullet}$ can be viewed as a diagram in simplicial sets and one can take its homotopy colimit $\operatorname{hocolim}(F_{\bullet\bullet})$ which is a simplicial set. This is weakly equivalent to the diagonal (or the realization) of $F_{\bullet\bullet}$.
Is $\operatorname{hocolim}(F_{\bullet\bullet})$ weakly equivalent to $X_\bullet$? What is a reference for this?
I believe this to be true since there is a similar statement called the nerve theorem for spaces and simplicial spaces instead of simplicial sets and bi-simplicial sets. Perhaps it is not sufficient for $f$ only being an epimorphism for the statement to hold. In this case, my question would be what the exact conditions on $f$ are.
Comment on a comment to this question: If $X$ and $Y$ are discrete simplicial sets, the diagonal of $F_{\bullet \bullet}$ is the simplicial set $$ F_{\bullet}=\ldots Y\times_X Y\times_X Y\underset{\to}{\underset{\to}{\to}}Y\times_X Y \underset{\to}{\to}Y $$ where each $X$ and $Y$ is viewed as a set (and not as a simplicial set). This simplicial set $F_\bullet$ is weakly equivalent to the colimit $C$ (in the category of sets) of $$ Y\times_X Y \underset{\to}{\to}Y $$ and, if I understand it correctly, because an epimorphism $f$ is the same as an effective epimorphism of sets, $X$ is the colimit of this diagram and therefore $\operatorname{hocolim}(F_{\bullet\bullet})\cong diagonal(F_{\bullet\bullet})\cong F_{\bullet}\cong C \cong X$ in this discrete case.
On the other hand, in the example with $X$ being a point and $Y$ being two points, I think that $C$ is a space with two points which is mysterious. What am I doing wrong?
I am not sure what the precise conditions under which the weak equivalence is true, because the simplicial space you've written down isn't homotopy invariant unless $Y \to X$ is a fibration, or unless you take homotopy fiber products at every stage. But if you take homotopy fiber products at every stage, then the geometric realization is always $X$ (if $Y \to X$ is an epimorphism on $\pi_0$): this is a sort of homotopical descent property. However, I'm not sure if this is what you want.
One way to see this is that the simplicial object above is augmented: it lives naturally in the category of spaces over $X$. The (homotopy) pullback functor from spaces over $X$ to spaces over $Y$ preserves homotopy colimits (e.g., at the level of model categories, it is a left Quillen functor), and it's conservative (reflects homotopy equivalences) since $\pi_0 Y \to \pi_0 X $ is surjective, so it's sufficient to check that after you pull the simplicial object over $X$ back to $Y$, its geometric realization is equivalent to $Y$. But when you pull it back, it's augmented over $Y$ and has an extra degeneracy, so its realization is weakly equivalent to $Y$.