search query: @indexterm liquidity constraints / total: 11
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| Author: | Maskin, E.S. |
| Title: | Auctions, development, and privatization: Efficient auctions with liquidity-constrained buyers |
| Journal: | European Economic Review
2000 : MAY, VOL. 44:4-6, p. 667-681 |
| Index terms: | Auctions Liquidity constraints Models |
| Language: | eng |
| Abstract: | In the paper, an efficient auction is exhibited. This is an auction for which the winner is the buyer with the highest valuation - subject to the constraint that buyers may be budget- or liquidity-constrained. |
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