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Mingrui Gao

Nanjing University

Nanjing

China

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Equity Auctions with Bidder Moral Hazard

Number of pages: 69 Posted: 18 Apr 2026 Last Revised: 24 Apr 2026
Mingrui Gao, Xun Chen and Dazhong Wang
Nanjing University, University of Western Ontario and Nanjing University
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Abstract:

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Equity Auctions, Bidder Moral Hazard, Performance Comparison