01815cas a2200253 a 4500 AALejournalIMF003174 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451842838 1018-5941 BD-DhAAL BD-DhAAL Mehra, Rajnish. Auctions : Theory and Possible Applications to Economies in Transition / Rajnish Mehra, Robert Feldman. Washington, D.C. : International Monetary Fund, 1993. 1 online resource (32 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet Feldman, Robert. IMF Working Papers; Working Paper ; No. 1993/012 Full text available on IMF http://elibrary.imf.org/view/journals/001/1993/012/001.1993.issue-012-en.xml IMF e-Library