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No Substitute for the "P" Word in Financial Rescue

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Author Info

  • Lawrence M. Ausubel

    (University of Maryland)

  • Peter Cramton

    (University of Maryland)

Abstract

Fears of pricing troubled assets have needlessly stalled the rescue effort, according to Lawrence Ausubel and Peter Cramton, two market-design economists whose work on TARP has received the attention of the Treasury and policy makers.

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File URL: http://www.bepress.com/cgi/viewcontent.cgi?article=1531&context=ev
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Bibliographic Info

Article provided by De Gruyter in its journal The Economists' Voice.

Volume (Year): 6 (2009)
Issue (Month): 2 ()
Pages: 2

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Handle: RePEc:bpj:evoice:v:6:y:2009:i:2:n:2

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Web page: http://www.degruyter.com

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Web: http://www.degruyter.com/view/j/ev

Related research

Keywords: D44; D53; financial rescue; reverse auction; auction; TARP;

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Cited by:
  1. Thomas Philippon & Vasiliki Skreta, 2012. "Optimal Interventions in Markets with Adverse Selection," American Economic Review, American Economic Association, vol. 102(1), pages 1-28, February.

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