Auctions : Theory and Possible Applications to Economies in Transition /

A major effort is taking place in many parts of the world to establish market-oriented institutions, a development that is particularly evident in the context of the transforming economies in Eastern Europe and the republics of the former Soviet Union. Against this background, this paper assesses va...

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Autor principal: Mehra, Rajnish
Altres autors: Feldman, Robert
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 1993.
Col·lecció:IMF Working Papers; Working Paper ; No. 1993/012
Accés en línia:Full text available on IMF
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245 1 0 |a Auctions :   |b Theory and Possible Applications to Economies in Transition /  |c Rajnish Mehra, Robert Feldman. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1993. 
300 |a 1 online resource (32 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a A major effort is taking place in many parts of the world to establish market-oriented institutions, a development that is particularly evident in the context of the transforming economies in Eastern Europe and the republics of the former Soviet Union. Against this background, this paper assesses various auction techniques to price and allocate government securities, refinance credit, foreign exchange, and state assets in the context of privatization programs. Before making our recommendations on the appropriate format for auctioning these items, the paper explains basic auction formats and assesses the advantages and disadvantages of these formats drawing on the existing, and mostly theoretical, literature. 
538 |a Mode of access: Internet 
700 1 |a Feldman, Robert. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1993/012 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1993/012/001.1993.issue-012-en.xml  |z IMF e-Library