Auction Theory: A Summary with Applications to Treasury Markets
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NBER Working Paper No. 5873
Issued in January 1997
NBER Program(s): AP
This review paper describes basic auction concepts, and provides a summary of the theory in this area, particularly as it relates to Treasury auctions.
Published: FMII, Vol. 5, no. 5 (1996): 1-36.
This paper is available as PDF (1822 K) or via email.
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