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Article
Auction Design Critical for Rescue Plan
The Economists' Voice (2008)
  • Lawrence M Ausubel, University of Maryland
  • Peter Cramton, University of Maryland
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.

Keywords
  • auction design,
  • financial crisis
Publication Date
September, 2008
Citation Information
Lawrence M Ausubel and Peter Cramton. "Auction Design Critical for Rescue Plan" The Economists' Voice Vol. 5 Iss. 5 (2008)
Available at: http://works.bepress.com/cramton/3/