A note on the inefficiency of bidding over the price of a share
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We study the problem of dissolving a partnership when agents have unequal endowments. Agents bid on the price of the entire partnership.
We study the problem of dissolving a partnership when agents have unequal endowments. Agents bid on the price of the entire partnership.
We study the problem of dissolving a partnership when agents have unequal endowments. Agents bid on the price of the entire partnership.
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Existing, proven processes in place can lead to more efficient transactions. Uses a “black box” approach to price discovery. Lack of transparency mainly ...
Arbitrage: How Arbitraging Works in Investing, With Examples
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Arbitrage is the simultaneous purchase and sale of the same asset in different markets in order to profit from a difference in its price.
Indeed, even in the case of private values, the first-price auction is never efficient except when buyers' valuations are symmetrically distributed (see Maskin ...
Inefficiency becomes mandatory when there are bidders with identical marginal values shading their bids by different amounts. Differential shading is present ...
The bid is the price the firm is willing to buy a security at. The term 'bid' comes from the perspective of the market maker. The firm is “bidding” on the ...
May 14, 2024 · Abstract. We study the existence of efficient auctions in private value settings in which some bidders form their expectations about the ...