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- W1507703209 abstract "We develop a test for common values in treasury bill auction. The test is based on different bidding dynamics within an auction under the two competing models. Bidders who obtain information about rivals' bids in the private values model use this information only to update their prior on the distribution of the residual supplies. In the model with common value component, they also update their prior of the valuation itself. We use this different updating effect to construct our test and we apply it to data from Canadian treasury bill market." @default.
- W1507703209 created "2016-06-24" @default.
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- W1507703209 date "2007-01-01" @default.
- W1507703209 modified "2023-09-23" @default.
- W1507703209 title "Testing for Common Valuation in Treasury Bills Auctions" @default.
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