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Author:Gresik, T. A.
Title:Rationing rules and European Central Bank auctions
Journal:Journal of International Money and Finance
2001 : NOV, VOL. 20:6, p. 793-808
Index terms:AUCTIONS
BIDDING
EUROPEAN CENTRAL BANK
RATIONING
Language:eng
Abstract:Under European Central Bank rules, bidders are allowed to submit no more than ten price-quantity pairs. The effect on bidding behavior and equilibrium revenues under two distinct rationing rules is explored in this paper.
SCIMA record nr: 228656
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