Sovereign debt auctions: Uniform or discriminatory? (original) (raw)

Journal of Monetary Economics, 2009

Orly Sade

Menachem Brenner

Dan Galai

Abstract

... Allen et al. (2006) find a link between the economic system and the financial system. ... A study by Sade et al. (2006) has shown that in the discriminatory mechanism, on average, the participants collude more and pay lower prices. ...

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