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A new auction for substitutes : central-bank liquidity auctions, toxic assetʺ auctions, and variable product-mix auctions
Klemperer, Paul - 2009 - Rev.
Persistent link: https://www.econbiz.de/10003875079
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A new auction for substitutes : central-bank liquidity auctions, "toxic asset" auctions, and variable product-mix auctions
Klemperer, Paul - 2009
Persistent link: https://www.econbiz.de/10003879937
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Informational Advantage in US Treasury Auctions
Tchuindjo, Leonard - 2019
We extend Wilson (1979) share auction framework to model the uniform-price US Treasury auction as a two-stage multiple … its bidding behavior in handling the risk of being short-squeezed or face the winner curse in the post-auction market …
Persistent link: https://www.econbiz.de/10012893365
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Signaling in Takeover Auctions with Flexible Reserve Price
Khoroshilov, Yuri - 2017
This paper develops a model of takeover auctions with a two-step information acquisition process. It shows that the threat of extra information acquisition allows the existence of the signaling jump-bidding equilibrium even when the seller is able to change its reserve price on the basis of the...
Persistent link: https://www.econbiz.de/10012961252
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Should Auctions Be Transparent?
Bergemann, Dirk - 2017
minimal disclosure regime each bidder only learns privately whether he won or lost the auction. In equilibrium the allocation …
Persistent link: https://www.econbiz.de/10012948369
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Should Auctions Be Transparent?
Bergemann, Dirk - 2014
minimal disclosure regime each bidder only learns privately whether he won or lost the auction. In equilibrium the allocation …
Persistent link: https://www.econbiz.de/10013047743
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Should Auctions Be Transparent?
Bergemann, Dirk - 2010
independent values across bidders. The values are assumed to be perfectly persistent over time.We analyze the first-price auction … disclosure regime, in which each bidder only learns privately whether he won or lost the auction at the end of each round. In … equilibrium, the winner of the initial auction lowers his bids over time, while losers keep their bids constant, in anticipation …
Persistent link: https://www.econbiz.de/10013139373
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The Informational Content of SMP Deposit Auctions in Forecasting Short-Term Repurchase Agreement Interest Rates (Dissertation)
Kalevras, Kostas - 2015
This paper analyzes the term deposit sterilizing open market operations conducted by the Eurosystem between May 2010 and June 2014 in the context of the Securities Market Program (SMP). The SMP operations involved outright purchases of government debt securities in the secondary market with a...
Persistent link: https://www.econbiz.de/10013028429
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The Informational Content of Limit Order Distributions During Market Auctions
Platania, Federico - 2016
companies exhibits a significant reduction of the noise during the auction …
Persistent link: https://www.econbiz.de/10012994826
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The Value of Information in Auctions with Default Risk
Lamping, Jennifer - 2010
After the close of an auction, the winning bidder may find that he is unable to carry out his bid offer. This paper …
Persistent link: https://www.econbiz.de/10013139398