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Full-Text Articles in Law

Raising Revenues For Charity: Auctions Versus Lotteries, Bart Wilson, Douglas Davis, L. Razzolini, R. Reily Aug 2014

Raising Revenues For Charity: Auctions Versus Lotteries, Bart Wilson, Douglas Davis, L. Razzolini, R. Reily

Bart J Wilson

No abstract provided.


The Dutch Auction Myth, Peter B. Oh Mar 2006

The Dutch Auction Myth, Peter B. Oh

ExpressO

The initial public offering process is under assault. Critics of this process have woven a complex set of interconnected objections to the orthodox method for conducting IPOs, pricing of shares, and allocating them to preferred investors. These critics instead point to online auctions as an alternative IPO method that can provide more equitable access, efficient prices, and egalitarian allocations. These claims rest on Google’s recent IPO and W.R. Hambrecht + Co.’s OpenIPO mechanism, conventionally regarded as impure variants of what is known as a descending-bid or Dutch auction (Dutch IPO).

This article assesses the empirical and theoretical case for Dutch …


Raising Revenues For Charity: Auctions Versus Lotteries, Bart Wilson, Douglas Davis, L. Razzolini, R. Reily Dec 2005

Raising Revenues For Charity: Auctions Versus Lotteries, Bart Wilson, Douglas Davis, L. Razzolini, R. Reily

Bart J. Wilson

No abstract provided.