A market microstructure explanation of IPOs underpricing

DOI10.1016/J.ECONLET.2007.10.029zbMath1255.91158OpenAlexW2079914155MaRDI QIDQ1934833

Patrick L. Leoni

Publication date: 29 January 2013

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.econlet.2007.10.029

zbMATH Keywords

risk aversionfirst-price auctionfirm's communicationIPO underpricing

Mathematics Subject Classification ID

Applications of game theory (91A80) Auctions, bargaining, bidding and selling, and other market models (91B26)

Cites Work

• Optimal Auctions with Risk Averse Buyers

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