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Matching auction with winner’s curse and imperfect financial markets

Research output: Contribution to Journal/MagazineJournal articlepeer-review

<mark>Journal publication date</mark>06/2012
<mark>Journal</mark>Economics Letters
Issue number3
Number of pages4
Pages (from-to)500-503
Publication StatusPublished
<mark>Original language</mark>English


This paper explains how and why the Matching Auctions work better with Imperfect Financial Markets. We show that an efficient outsider can obtain a “good” project even if the insider has informational advantage.