Underpricing and Market Power in Uniform Price Auctions
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- Ilan Kremer, 2004. "Underpricing and Market Power in Uniform Price Auctions," Review of Financial Studies, Society for Financial Studies, vol. 17(3), pages 849-877.
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Keywordsdiscreteness; market power; multi-unit auctions; supply uncertainty; treasury auctions; underpricing; uniform price auctions;
- D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions
- G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
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