Managerial Economics 13th Edition by James McGuigan,Charles Moyer,Frederick Harris

Exercise 39

Some newly issued T-bills are auctioned by discriminatory pricing in Dutch auctions, whereas other newly issued T-bills are auctioned by uniform prices secondhighest sealed-bidascending-price auctions. Which auction design is more like private placement of corporate newly issued bonds and IPO stock Which auction design is more likely to increase seller revenue