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| Tekijä: | Heller, D. Lengwiler, Y. |
| Otsikko: | Should the treasury price-discriminate? A procedure for computing hypothetical bid functions |
| Lehti: | Journal of Institutional and Theoretical Economics
2001 : SEP, VOL. 157:3, p. 413-429 |
| Asiasana: | AUCTIONS BONDS SWITZERLAND |
| Vapaa asiasana: | TREASURY |
| Kieli: | eng |
| Tiivistelmä: | Ever since Friedman (1959), it has been debated whether the Treasury should sell bonds in a uniform or in a discriminatory auction. The authors develop a method for generating counterfactual data on discriminatory auctions, using real data from uniform-price Treasury bond auctions in Switzerland. |
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