Auction Design Critical for Rescue Plan

Ausubel Lawrence M and Peter Cramton

The Economists' Voice, 2008, vol. 5, issue 5, 3

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.

Date: 2008
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DOI: 10.2202/1553-3832.1415

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