A Reader's Reaction to:
Auction Design Critical for Rescue Plan by Lawrence M. Ausubel and Peter Cramton.

Summary

Hal Varian, of UC Berkeley, points out that randomization could help avoid the adverse selection in the Treasury's proposed auctions of mortgage backed securities.

Recommended Citation

Varian, Hal R. (2008) "Letter: How to Drink the Sub-Prime Kool-Aid," The Economists' Voice: Vol. 5 : Iss. 5, Article 10.
DOI: 10.2202/1553-3832.1421
Available at: http://www.bepress.com/ev/vol5/iss5/art10