Auction Design Critical for Rescue Plan
Ausubel Lawrence M and
Peter Cramton ()
The Economists' Voice, 2008, vol. 5, issue 5, 1-3
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.
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