Matching auction with winner’s curse and imperfect financial markets |
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Authors: | Alexander Matros |
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Institution: | Department of Economics, Lancaster University Management School, Lancaster, LA1 4YX, United Kingdom |
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Abstract: | 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. |
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Keywords: | D44 D8 |
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