| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4649 |
| DP4649 Optimal Forecast Combination Under Regime Switching | |
| Henry Allan Timmermann; Graham Elliott | |
| 发表日期 | 2004-10-23 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | The Sotheby?s/Christie?s price-fixing scandal that ended in the public trial of Alfred Taubman provides a unique window on a number of key economic and antitrust policy issues related to the use of the auction system. The trial provided detailed evidence as to how the price fixing worked, and the economic conditions under which it was started and began to fall apart. The outcome of the case also provides evidence on the novel auction process used to choose the lead counsel for the civil settlement. Finally, though buyers received the bulk of the damages, a straightforward application of the economic theory of auctions shows that it is unlikely that successful buyers as a group were injured. |
| 主题 | Industrial Organization |
| 关键词 | Auctions Price-fixing Cartels Commissions |
| URL | https://cepr.org/publications/dp4649 |
| 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/533571 |
| 推荐引用方式 GB/T 7714 | Henry Allan Timmermann,Graham Elliott. DP4649 Optimal Forecast Combination Under Regime Switching. 2004. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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