| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1740 |
| DP1740 Pitfalls in the Theory of International Trade Policy: Concertina Reforms of Tariffs and Subsidies to HIgh-Technology Industries | |
| Peter Neary | |
| 发表日期 | 1997-11-30 |
| 出版年 | 1997 |
| 语种 | 英语 |
| 摘要 | We usually assume increases in supply, allocation by rationing, and exclusion of potential buyers will never raise prices. But all of these activities raise the expected price in an important set of cases when common-value assets are sold. Furthermore, when we make the assumptions needed to rule out these ?anomalies? when buyers are symmetric, small asymmetries among buyers necessarily cause the anomalies to reappear. |
| 主题 | Financial Economics ; Industrial Organization |
| 关键词 | Airwaves auction Auction theory Common value Initial public offering Ipos Pcs auction Spectrum auction Winner's curse |
| URL | https://cepr.org/publications/dp1740 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530883 |
| 推荐引用方式 GB/T 7714 | Peter Neary. DP1740 Pitfalls in the Theory of International Trade Policy: Concertina Reforms of Tariffs and Subsidies to HIgh-Technology Industries. 1997. |
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