Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
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TY - JOUR
T1 - Matching auction with winner’s curse and imperfect financial markets
AU - Matros, Alexander
PY - 2012/6
Y1 - 2012/6
N2 - 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.
AB - 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.
KW - Asymmetric information
KW - Adverse selection
KW - Winner’s curse
KW - Takeover game
U2 - 10.1016/j.econlet.2011.12.128
DO - 10.1016/j.econlet.2011.12.128
M3 - Journal article
VL - 115
SP - 500
EP - 503
JO - Economics Letters
JF - Economics Letters
SN - 0165-1765
IS - 3
ER -