Auction Design Critical for Rescue Plan
Abstract
The details of the auction design could make or break the Treasury's plan to invest $700 billion in mortgage-related securities to resolve the financial crisis, using market mechanisms such as reverse auctions to determine prices, according to Lawrence M. Ausubel and Peter Cramton.
Suggested Citation
Lawrence M. Ausubel and Peter Cramton. "Auction Design Critical for Rescue Plan" The Economists' Voice 5.5 (2008).
Available at: http://works.bepress.com/cramton/3
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