This paper examines whether the successful bid rate of the OnBid public auction, published by Korea Asset Management … predicting three-month-ahead regime. We find that the OnBid auction rate conveys important information for detecting the … obligations. This finding suggests that corporate managers and investors could use the auction information to gauge the regime …

Postel-Vinay and Robin' (2002) sequential auction model is extended to allow for aggregate productivity shocks. Workers …