Evidence on Bidding Strategies and the Information Contained in Treasury Bill Auctions

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Publisher :
ISBN 13 :
Total Pages : 216 pages
Book Rating : 4.:/5 (166 download)

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Book Synopsis Evidence on Bidding Strategies and the Information Contained in Treasury Bill Auctions by : Elizabeth B. Cammack

Download or read book Evidence on Bidding Strategies and the Information Contained in Treasury Bill Auctions written by Elizabeth B. Cammack and published by . This book was released on 1987 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Evidence on Bidding Strategies and the Information in Treasury Bill Auctions

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Publisher :
ISBN 13 :
Total Pages : 49 pages
Book Rating : 4.:/5 (376 download)

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Book Synopsis Evidence on Bidding Strategies and the Information in Treasury Bill Auctions by : Elizabeth B. Cammack

Download or read book Evidence on Bidding Strategies and the Information in Treasury Bill Auctions written by Elizabeth B. Cammack and published by . This book was released on 1987 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Bidding Behavior in Treasury Bill Auctions

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Bidding Behavior in Treasury Bill Auctions by : Daniel C. L. Hardy

Download or read book Bidding Behavior in Treasury Bill Auctions written by Daniel C. L. Hardy and published by International Monetary Fund. This book was released on 2000-06 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Behavior in the first three years of auctions for Pakistani treasury bills is studied. Bidding strategies rapidly converged to a consistent pattern after the auctions started in 1991. Factors are identified that influenced the expected profitability of auction participation, which was on average low and did not differ between types of bidders. Prices bid are found to reflected both ‘buy and sell’ and ‘buy and hold’ strategies, and were affected by risk considerations and bidder-specific variables. The Pakistani experience suggests the robustness of auctions as a market-based allocation mechanism, and their value in public debt management.

Bidding Behavior in Treasury Bill Auctions

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Publisher :
ISBN 13 :
Total Pages : 31 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Bidding Behavior in Treasury Bill Auctions by : Daniel Hardy

Download or read book Bidding Behavior in Treasury Bill Auctions written by Daniel Hardy and published by . This book was released on 2006 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: Behavior in the first three years of auctions for Pakistani treasury bills is studied. Bidding strategies rapidly converged to a consistent pattern after the auctions started in 1991. Factors are identified that influenced the expected profitability of auction participation, which was on average low and did not differ between types of bidders. Prices bid are found to reflected both 'buy and sell' and 'buy and hold' strategies, and were affected by risk considerations and bidder-specific variables. The Pakistani experience suggests the robustness of auctions as a market-based allocation mechanism, and their value in public debt management.

Treasury Bill Auctions

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Publisher : International Monetary Fund
ISBN 13 : 1451855648
Total Pages : 70 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Treasury Bill Auctions by : Mr.Carlo Cottarelli

Download or read book Treasury Bill Auctions written by Mr.Carlo Cottarelli and published by International Monetary Fund. This book was released on 1994-11-01 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 developing countries.

Theory and Evidence on Reform of the Treasury's Auction Procedures

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Publisher :
ISBN 13 :
Total Pages : 68 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Theory and Evidence on Reform of the Treasury's Auction Procedures by : Vincent Reinhart

Download or read book Theory and Evidence on Reform of the Treasury's Auction Procedures written by Vincent Reinhart and published by . This book was released on 1992 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Handbook of Fiscal Policy

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Publisher : CRC Press
ISBN 13 : 9780824707736
Total Pages : 824 pages
Book Rating : 4.7/5 (77 download)

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Book Synopsis Handbook of Fiscal Policy by : Jack Rabin

Download or read book Handbook of Fiscal Policy written by Jack Rabin and published by CRC Press. This book was released on 2001-12-19 with total page 824 pages. Available in PDF, EPUB and Kindle. Book excerpt: Providing forty articles written by experts, this book explores the development of government spending and revenue policymaking, the legacy of John Maynard Keynes, taxes and tax policies, government budgeting and accounting, and government debt management. Topics include the implications of the federal balanced budget amendment, factors that affect implementation of fiscal policies, the relationship between tax assessment and economic prosperity, and debt management strategies by government institutions. It covers the role of government in formulating economic policies for growth and full employment and reviews issues associated with the implementation of fiscal policies.

Macroeconomic Dimensions of Public Finance

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Publisher : Routledge
ISBN 13 : 1134768850
Total Pages : 518 pages
Book Rating : 4.1/5 (347 download)

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Book Synopsis Macroeconomic Dimensions of Public Finance by : Mario Blejer

Download or read book Macroeconomic Dimensions of Public Finance written by Mario Blejer and published by Routledge. This book was released on 2002-09-11 with total page 518 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is no magic formula for balancing fiscal policy and economic performance. As a scholar and policy advisor, Vito Tanzi has made a major contribution to identifying links between public finance and macro and microeconomic consequences. His findings bear relevance in both developing and industrialized economies. The essays in this volume and its companion, Fiscal Policy and Economic Reform, highlight many of these interconnected issues, for instance: * the interaction between budgetary policy and economic aggregates, such as employment, inflation and growth * the implication of economic linkages for designing fiscal policies * expenditure policies and alternative deficit financing strategies * the trade-offs between macro- and microeconomic objectives The list of contributors includes Max Corden, John Makin, Ronald McKinnon and Richard Musgrave.

Bidder Behavior in Multi-Unit Auctions - Evidence from Swedish Treasury Auctions

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Bidder Behavior in Multi-Unit Auctions - Evidence from Swedish Treasury Auctions by : Kjell G. Nyborg

Download or read book Bidder Behavior in Multi-Unit Auctions - Evidence from Swedish Treasury Auctions written by Kjell G. Nyborg and published by . This book was released on 2011 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: We analyze a unique data set on multiunit auctions, which contains the actual demand schedules of the bidders as well as the auction awards in over 400 Swedish Treasury auctions. First, we document that bidders vary their prices, bid dispersion, and the quantity demanded in response to increased uncertainty at the time of bidding. Second, we find that bid shading can be explained by a winner's curse-driven model in which each bidder submits only one bid, despite the fact that the bidders in our data set use much richer bidding strategies. Third, we explore the extent to which the received theories of multiunit auctions are able to offer insights into the bidder behavior we observe. Our empirical evidence is consistent with some of the predictions of the models of auctions that emphasize private information, the winner's curse, and the champion's plague. While the models of multiunit auctions serve as useful guideposts, our empirical findings also point to several new areas of research in multiunit auctions that are of policy and theoretical interest.

Complex Systems, Multi-Sided Incentives and Risk Perception in Companies

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Publisher : Springer Nature
ISBN 13 : 1137447044
Total Pages : 849 pages
Book Rating : 4.1/5 (374 download)

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Book Synopsis Complex Systems, Multi-Sided Incentives and Risk Perception in Companies by : Michael I.C. Nwogugu

Download or read book Complex Systems, Multi-Sided Incentives and Risk Perception in Companies written by Michael I.C. Nwogugu and published by Springer Nature. This book was released on 2019-09-06 with total page 849 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most research about financial stability and sustainable growth focuses on the financial sector and macroeconomics and neglects the real sector, microeconomics and psychology issues. Real-sector and financial-sectors linkages are increasing and are a foundation of economic/social/environmental/urban sustainability, given financial crises, noise, internet, “transition economics”, disintermediation, demographics and inequality around the world. Within complex systems theory framework, this book analyses some multi-sided mechanisms and risk-perception that can have symbiotic relationships with financial stability, systemic risk and/or sustainable growth. Within the context of Regret Minimization, MN-Transferable Utility and WTAL, new theories-of-the-firm are developed that consider sustainable growth, price stability, globalization, financial stability and birth-to-death evolutions of firms. This book introduces new behaviour theories pertaining to real estate and intangibles, which can affect the evolutions of risk-taking and risk perception within organizations and investment entities. The chapters address elements of the dilemma of often divergent risk perceptions of, and risk-taking by corporate executives, regulators and investment managers.

Collusion in Uniform-price Auctions

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ISBN 13 :
Total Pages : 56 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis Collusion in Uniform-price Auctions by : Gautam Goswami

Download or read book Collusion in Uniform-price Auctions written by Gautam Goswami and published by . This book was released on 1995 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Bidder Behavior in Multiple Unit Auctions

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ISBN 13 :
Total Pages : 54 pages
Book Rating : 4.:/5 ( download)

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Book Synopsis Bidder Behavior in Multiple Unit Auctions by : Kjell G. Nyborg

Download or read book Bidder Behavior in Multiple Unit Auctions written by Kjell G. Nyborg and published by . This book was released on 1997 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Antitrust Law Journal

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ISBN 13 :
Total Pages : 1244 pages
Book Rating : 4.:/5 (51 download)

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Book Synopsis Antitrust Law Journal by :

Download or read book Antitrust Law Journal written by and published by . This book was released on 1986 with total page 1244 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Journal of Financial Economics

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Publisher :
ISBN 13 :
Total Pages : 454 pages
Book Rating : 4.4/5 (5 download)

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Book Synopsis Journal of Financial Economics by :

Download or read book Journal of Financial Economics written by and published by . This book was released on 1993 with total page 454 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Existence of Equilibria in Treasury Bill Auctions

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Publisher :
ISBN 13 :
Total Pages : 16 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Existence of Equilibria in Treasury Bill Auctions by : Flavio M. Menezes

Download or read book Existence of Equilibria in Treasury Bill Auctions written by Flavio M. Menezes and published by . This book was released on 1994 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Auction Performance, Strategic Supply Management, and Bidder Behavior in Treasury Bill Auctions

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (125 download)

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Book Synopsis Auction Performance, Strategic Supply Management, and Bidder Behavior in Treasury Bill Auctions by : Eduardo Anthony G. Mariño

Download or read book Auction Performance, Strategic Supply Management, and Bidder Behavior in Treasury Bill Auctions written by Eduardo Anthony G. Mariño and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Putting Auction Theory to Work

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Publisher : Cambridge University Press
ISBN 13 : 1139449168
Total Pages : 378 pages
Book Rating : 4.1/5 (394 download)

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Book Synopsis Putting Auction Theory to Work by : Paul Milgrom

Download or read book Putting Auction Theory to Work written by Paul Milgrom and published by Cambridge University Press. This book was released on 2004-01-12 with total page 378 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a comprehensive introduction to modern auction theory and its important new applications. It is written by a leading economic theorist whose suggestions guided the creation of the new spectrum auction designs. Aimed at graduate students and professionals in economics, the book gives the most up-to-date treatments of both traditional theories of 'optimal auctions' and newer theories of multi-unit auctions and package auctions, and shows by example how these theories are used. The analysis explores the limitations of prominent older designs, such as the Vickrey auction design, and evaluates the practical responses to those limitations. It explores the tension between the traditional theory of auctions with a fixed set of bidders, in which the seller seeks to squeeze as much revenue as possible from the fixed set, and the theory of auctions with endogenous entry, in which bidder profits must be respected to encourage participation.