Bidding With Securities: Auctions and Security Design
收藏NBER2004-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w10891
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资源简介：
We study security-bid auctions in which bidders compete by bidding with securities whose payments are contingent on the realized value of the asset being sold. Such auctions are commonly used, both formally and informally. In formal auctions, the seller restricts bids to an ordered set, such as an
提供机构：
美国国家经济研究局
创建时间：
2004-11-01
