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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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Conservation auctions : should information about environmental benefits be made public?
Glebe, Thilo W. - In: American journal of agricultural economics 95 (2013) 3, pp. 590-605
Persistent link: https://www.econbiz.de/10009758682
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Intermediaries as information aggregators : an application to US treasury auctions
Boyarchenko, Nina; Lucca, David O.; Veldkamp, Laura - 2015
policy risk. Yet most end investors place their Treasury auction bids through an intermediary rather than submit them …, information aggregators increase expected auction revenue but also make the revenue more sensitive to changes in asset value. We …
Persistent link: https://www.econbiz.de/10010509061
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Information and competition in US Forest Service timber auctions
Athey, Susan; Levin, Jonathan - In: Journal of political economy 109 (2001) 2, pp. 375-417
Persistent link: https://www.econbiz.de/10001570624
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Information and competition in US Forest Service timber auctions
Athey, Susan; Levin, Jonathan - 2000 - Rev
Persistent link: https://www.econbiz.de/10001557845
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Information and competition in U.S. forest service timber auctions
Athey, Susan; Levin, Jonathan - 1999
Persistent link: https://www.econbiz.de/10001392002
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Information and competition in US Forest Service timber auctions
Athey, Susan; Levin, Jonathan - 1999
Persistent link: https://www.econbiz.de/10001447009
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Information and Competition in U.S. Forest Service Timber Auctions
Athey, Susan - 1999
timber auctions, the Forest Service publicly announces its estimates of the tract characteristics before the auction, and …
Persistent link: https://www.econbiz.de/10012471603
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Bid Shading and Bidder Surplus in the U.S. Treasury Auction System
Hortacsu, Ali - 2017
We analyze bidding data from uniform price auctions of U.S. Treasury bills and notes between July 2009-October 2013. Primary dealers consistently bid higher yields compared to direct and indirect bidders. We estimate a structural model of bidding that takes into account informational asymmetries...
Persistent link: https://www.econbiz.de/10012943195