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Persistent link: https://www.econbiz.de/10002884175
This article jointly examines the differences of laboratory versions of the Dutch clock open auction, a sealed-bid auction to represent book building, and a two-stage sealed bid auction to proxy for the “competitive IPO”, a recent innovation used in a few European equity initial public...
Persistent link: https://www.econbiz.de/10013000991
This article investigates bid updating and subject learning in experimental initial public offers (IPO) of stock pricing methods. A clock auction stands for the "Dutch auction". A sealed-bid uniform price auction represents "book building". A two-stage "book building" emulation represents a...
Persistent link: https://www.econbiz.de/10013027023