Bid Syndication: A Model with Application to Emission Permits Markets
Contracts involving bid syndication where small firms compete to enter a syndicate that pools product and shares ensuing payoffs from sales can be designed that lead to efficient participation and pricing solutions under incomplete information. These contracts combine syndicate sharing rules with bi...
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2010
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| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research_smu/62 https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1061&context=lkcsb_research_smu |
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| Institution: | Singapore Management University |
| Language: | English |