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Relying on established theories in auction literature, the lacunae in the design of auction mechanism used by the banks are identifi ed. The choice of security used for the payment of the bid amount, the proportional distribution between upfront cash and debt issued by the bidder, and the priority of the bidder’s payment are evaluated. Banks should review the choice of ....
Targeted News Service provides Washington Bureau coverage, federal contract and contracting information for awards and for subcontracting opportunities, a congressional vote chart, federal and congressional press releases. ....