for a troubled asset reverse auction and discusses the auction design issues. We assume that the key objectives of the … auction are to: 1) provide a quick and effective means to purchase troubled assets and increase liquidity; 2) protect the … auction for each security is competitive, the demand for each security is capped at the total quantity offered by all but the …

Troubled Asset Reverse Auction,” is to describe an auction mechanism suitable for injections of capital into banks. The …

We experimentally test alternative auction designs suitable for pricing and removing troubled assets from banks … higher bank payoffs, since the dynamic auction enabled the banks to better manage their liquidity needs. The clock auctions … auction designs to help resolve the crisis. …

unanswered. We flesh out the auction design for legacy loans. A two-sided auction is required. Both banks and private investors …

market mechanisms such as reverse auctions to determine prices. A well-designed auction process can indeed be an effective … cost and fewer securities purchased. It is critical for the auction process to be designed carefully. …

A proposed auction design for incentive auctions is given. The two-sided auctions enable the exchange of spectrum from … simple and effective. The auction has three stages conducted in sequence: 1) a reverse auction to determine the supply curve … contiguous spectrum nationwide, and 3) a forward auction for determining the demand curve for spectrum. The auction determines …

The Federal Communications Commission held its first auction of radio spectrum at the Nationwide Narrowband PCS Auction … in July 1994. The simultaneous multiple-round auction, which lasted five days, was an ascending bid auction in which all … licenses were offered simultaneously. This paper describes the auction rules and how bidders prepared for the auction. The full …