Browsing by Subject "optimal auctions"

Now showing items 1-2 of 2

    • How to Sell to Buyers with Crossholdings 
      Loyola Fuentes, Gino (2008-10-30)
      This paper characterizes the optimal selling mechanism in the pres- ence of horizontal crossholdings. We nd that the optimal mechanism imposes a discrimination policy against the stronger bidders so that the seller s ...
    • Optimal Takeover Contests with Toeholds 
      Loyola Fuentes, Gino (2008)
      This paper characterizes how a target rm should be sold when raiders have prior stakes in its ownership (toeholds). We nd that the optimal mechanism needs to be implemented by a non-standard auction which imposes a ...