Discriminatory Auctions with Seller Discretion: Evidence from German Treasury Auctions

60 Pages Posted: 8 Jun 2016

See all articles by Jörg Rocholl

Jörg Rocholl

ESMT European School of Management and Technology

Date Written: 2005

Abstract

This paper examines the results of 93 discriminatory German Treasury auctions between

Keywords: Discriminatory auctions, Winner's curse, Seller discretion

JEL Classification: H63, G28

Suggested Citation

Rocholl, Joerg, Discriminatory Auctions with Seller Discretion: Evidence from German Treasury Auctions (2005). Bundesbank Series 1 Discussion Paper No. 2005,15. Available at SSRN: https://ssrn.com/abstract=2785101

Joerg Rocholl (Contact Author)

ESMT European School of Management and Technology ( email )

Schlossplatz 1
Berlin
Germany

HOME PAGE: http://www.esmt.org/en/159244

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