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A “Reference Price Auction” to Buy or Sell Different Assets Simultaneously

Author

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  • Olivier Armantier

Abstract

In finance, auctions are often conducted to buy or sell simultaneously various assets with very different characteristics. These auctions raise a number of challenges that cannot always be addressed with standard auction designs. In this post, I discuss an alternative design—the “reference price auction”—and present evidence that it may dominate other methods often implemented in practice.

Suggested Citation

  • Olivier Armantier, 2013. "A “Reference Price Auction” to Buy or Sell Different Assets Simultaneously," Liberty Street Economics 20130102, Federal Reserve Bank of New York.
    • Handle: RePEc:fip:fednls:86849
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    More about this item

    Keywords

    auction design; procurement auctions; laboratory experiments;
    All these keywords.

    JEL classification:

    • G1 - Financial Economics - - General Financial Markets

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