Bidder Participation and Information in Currency Auctions /
This paper studies the participation and performance of sophisticated versus unsophisticated auction participants in an environment with numerous bidders, uncertainty, and asymmetric information. We examine multi-unit, pay-as-bid, currency auctions conducted by the Central Bank of Venezuela. We find...
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| Formato: | Revista |
| Lenguaje: | English |
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Washington, D.C. :
International Monetary Fund,
2005.
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| Colección: | IMF Working Papers; Working Paper ;
No. 2005/157 |
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| Acceso en línea: | Full text available on IMF |