significantly higher than the expected value of a bidder with a low value signal. As a consequence, our experiment suggests that the …

We compare uniform price auctions with fixed price offerings in Initial Public Offerings (IPO) using laboratory … higher revenues. In our experiment, there is no evidence that TCE are played. The experiment suggests that the uniform price …

significantly higher than the expected value of a bidder with a low value signal. As a consequence, our experiment suggests that the …

We compare uniform price auctions with fixed price offerings in Initial Public Offerings (IPO) using laboratory … higher revenues. In our experiment, there is no evidence that TCE are played. The experiment suggests that the uniform price …

consequence, in our experiment uniform price auctions are superior to fixed price offerings in terms of revenue raising. …

consequence, in our experiment uniform price auctions are superior to fixed price offerings in terms of revenue raising. …

This survey aims at appraising the empirical research conducted on the European IPO markets as of the current date, and … at determining to what extent IPO theories explain European IPO patterns. To that end, we first describe the going public … markets. Second, we review the empirical evidence on initial underpricing, long-term IPO performance and IPO …

empirical or experimental support. We develop a theoretical model of uniform price initial public offering (IPO) auctions and … results have important implications for the design of IPO auctions. …