Optimal equity auctions with two-dimensional types

DOI10.1016/J.JET.2019.06.009MaRDI QIDQ2334116zbMATH OpenOpenAlexWikidataFDO

Authors Tingjun Liu, Dan Bernhardt

Publication date 7 November 2019

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL http://wrap.warwick.ac.uk/120111/1/WRAP-Optimal-equity-auctions-two-dimensional-types-Bernhardt-2019.pdf

zbMATH Keywords

adverse selectiondimensionality reductionglobal violation of regularity

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26)

Recommendations

• Optimal equity auctions with heterogeneous bidders
• Optimal equity auction with interdependent valuations
• Optimal auctions with multidimensional types and the desirability of exclusion
• Separating equilibria in auctions with two types of bidders
• Optimal auctions with asymmetric financial externalities
• Generalized second price auction is optimal for discrete types
• Optimal auctions revisited
• Optimal auctions revisited
• Optimal and Efficient Parametric Auctions
• Optimal two-object auctions with synergies

Cites work

• Auctions with cross-shareholdings
• Deriving an estimate of the optimal reserve price: An application to British Columbian timber sales
• Domain walls strange quark matter in Einstein-Rosen space-time with cosmological constant and heat flow
• Dynamic Security Design: Convergence to Continuous Time and Asset Pricing Implications
• High bids and broke winners
• Implementation with contingent contracts
• Nonlinear Pricing with Random Participation
• Optimal Auction Design
• Optimal equity auctions with heterogeneous bidders
• Optimal profit sharing mechanisms with type-dependent outside options
• Participation constraints in adverse selection models
• Securities auctions under moral hazard: an experimental study
• Signalling to dispersed shareholders and corporate control

Cited in

(6)

• The sale of small firms: a multidimensional analysis
• Optimal equity auction with interdependent valuations
• The broker-optimal bilateral trading mechanisms with linear contracts
• Optimal revenue-sharing mechanisms with seller commitment to ex-post effort
• Optimal equity auctions with heterogeneous bidders
• Securities auctions under moral hazard: an experimental study

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