TY - BOOK ID - 84538765 TI - Auctions : Theory and Possible Applications to Economies in Transition AU - Mehra, Rajnish. AU - Feldman, Robert. PY - 1993 SN - 1462368255 1455282731 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Auctions KW - Comparative Economic Systems: General KW - Credit KW - Currency KW - Financial institutions KW - Financial instruments KW - Foreign Exchange KW - Foreign exchange KW - Game Theory and Bargaining Theory: General KW - General Financial Markets: General (includes Measurement and Data) KW - Government securities KW - Industry Studies KW - Institutional arrangements for revenue administration KW - Investment & securities KW - Investments: General KW - Market Structure and Pricing: General KW - Monetary economics KW - Monetary Policy, Central Banking, and the Supply of Money and Credit: General KW - Money and Monetary Policy KW - Money KW - Population KW - Public finance & taxation KW - Public Finance KW - Revenue administration KW - Revenue KW - Securities KW - Socialist Systems and Transitional Economies: Factor and Product Markets KW - Socialist Systems and Transitional Economies: Planning, Coordination, and Reform KW - Taxation, Subsidies, and Revenue: General KW - Welfare Economics: General KW - United States UR - https://www.unicat.be/uniCat?func=search&query=sysid:84538765 AB - A major effort is taking place in many parts of the world to establish market-oriented institutions, a development that is particularly evident in the context of the transforming economies in Eastern Europe and the republics of the former Soviet Union. Against this background, this paper assesses various auction techniques to price and allocate government securities, refinance credit, foreign exchange, and state assets in the context of privatization programs. Before making our recommendations on the appropriate format for auctioning these items, the paper explains basic auction formats and assesses the advantages and disadvantages of these formats drawing on the existing, and mostly theoretical, literature. ER -