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We review the main issues that arise in the design of treasury bill auctions and survey the relevant empirical … literature. We also provide a detailed description of the actual design of these auctions in a sample of 42 industrial and …
Persistent link: https://www.econbiz.de/10014398289
equivalence between the two formats. Applying this model to data from the IMF gold auctions run in 1976-80, we find evidence of …
Persistent link: https://www.econbiz.de/10014398468
In recent years, an increasing number of developing countries have adopted market-determined floating exchange rates. This development has represented a significant step forward in the evolution toward exchange rate flexibility that has taken place in the developing country group since the...
Persistent link: https://www.econbiz.de/10014405181
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Obwohl Auktionen und Revenue Management in verschiedenen Branchen bereits weitreichende Anwendung zur Ertragsoptimierung finden, sind diese Instrumente in der Automobilindustrie bis dato nahezu unberücksichtigt. Auf Basis einer fundierten theoretischen Aufarbeitung des Themenfelds wird in der...
Persistent link: https://www.econbiz.de/10014275485
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This paper presents an empirical model of sponsored search auctions where advertisers are ranked by bid and ad quality … nonparametric identification of the advertiser's valuation and its distribution given observed bids and introduce novel …
Persistent link: https://www.econbiz.de/10015053799