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Privatisation, large shareholders, and sequential auctions of shares

Bortolotti, Bernardo - 2001

We study the government's decision to sell a state-owned enterprise to strategic investors in a common value auction setting. The government can choose to sell his control stake all at once, or to design a sequential auction of shares. The sequential auction allows information transmission, so...

Persistent link: https://www.econbiz.de/10011608799