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This paper studies Anglo-Dutch premium auctions used in the secondary market for financial securities in eighteenth-century Amsterdam, Europe's financial capital at the time. An Anglo-Dutch premium auction consists of an English auction followed by a Dutch auction, with a cash premium paid to...
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This paper studies Anglo-Dutch premium auctions used in the secondary market for financial securities in eighteenth-century Amsterdam, Europe's financial capital at the time. An Anglo-Dutch premium auction consists of an English auction followed by a Dutch auction, with a cash premium paid to...
Persistent link: https://www.econbiz.de/10010308145
Mortgage markets in developing economies are often confined to private networks. Inadequate registration of property rights has been blamed for this, but it is questionable whether registration provides a simple and complete solution. This paper addresses this issue by analysing the Low...
Persistent link: https://www.econbiz.de/10010908101
This paper studies Anglo-Dutch premium auctions used in the secondary market for financial securities in eighteenth-century Amsterdam, Europe's financial capital at the time. An Anglo-Dutch premium auction consists of an English auction followed by a Dutch auction, with a cash premium paid to...
Persistent link: https://www.econbiz.de/10009650646