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Strategic behavior and underpricing in uniform price auctions : evidence from Finnish treasury auctions
Keloharju, Matti; Nyborg, Kjell G.; Rydqvist, Kristian - In: The journal of finance : the journal of the American … 60 (2005) 4, pp. 1865-1902
Persistent link: https://www.econbiz.de/10003080602
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Strategic behavior and underpricing in uniform price auctions : evidence from Finnish treasury auctions
Keloharju, Matti (contributor); Nyborg, Kjell G. (contributor) - 2002 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001700265
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Strategic behavior and underpricing in uniform price auctions : evidence from Finnish treasury auctions
Keloharju, Matti; Nyborg, Kjell G.; Rydqvist, Kristian - 2003
Persistent link: https://www.econbiz.de/10001753251
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Strategic behaviour and underpricing in uniform price auctions : evidence from Finnish treasury auctions
Keloharju, Matti - 2002
Persistent link: https://www.econbiz.de/10013424210
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Competition in treasury auctions
Elsinger, Helmut; Schmidt-Dengler, Philipp; Zulehner, … - 2016
examine the effect of increased competition on auction performance: We find that increased competition reduced bidder surplus … aggressive bidding. Counterfactuals establish that as competition increases, concerns regarding auction format play a smaller …
Persistent link: https://www.econbiz.de/10011436067
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Competition in treasury auctions
Elsinger, Helmut; Schmidt-Dengler, Philipp; Zulehner, … - 2016
examine the effect of increased competition on auction performance: We find that increased competition reduced bidder surplus … aggressive bidding. Counterfactuals establish that as competition increases, concerns regarding auction format play a smaller …
Persistent link: https://www.econbiz.de/10011495132
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Behavioral biases of dealers in U.S. Treasury auctions
Goldreich, David - 2004
This paper provides evidence of bounded rationality by large dealers in U.S. Treasury auctions. I argue that these dealers use a heuristic of yield-space bidding which leads to biases manifested in three ways: they submit dominated bids, i.e., those that could be improved without raising the...
Persistent link: https://www.econbiz.de/10011607087
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The economics of aesthetics and record prices for art since 1701
Spaenjers, Christophe; Goetzmann, William N.; Mamonova, … - 2015
for art at auction since 1701 …
Persistent link: https://www.econbiz.de/10010501277
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Winner's Curse in Discriminatory Price Auctions : Evidence from Norwegian Treasury Bill Auctions
Bjonnes, Geir Hoidal - 2002
This paper studies bidder behavior using a detailed data set consisting of actual bid distributions in Norwegian Treasury bill auctions held during 1993-1998. The empirical results presented suggest that observed bidder behavior is consistent with an adjustment for the winner's curse. Bidders...
Persistent link: https://www.econbiz.de/10014123137
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CDS Auctions
Chernov, Mikhail - 2012
positions in derivatives on the assets being auctioned. We show that the final auction price might be either above or below the … auction day. Undervaluation is related positively to the amount of bonds exchanged in the second stage of the auction, as … predicted by theory. We suggest modifications of the settlement procedure to minimize the underpricing …
Persistent link: https://www.econbiz.de/10013114589