How Long to Read Bidder Participation and Information in Currency Auctions

How Long Does it Take to Read Bidder Participation and Information in Currency Auctions?

It takes the average reader and 47 minutes to read Bidder Participation and Information in Currency Auctions by Rafael Romeu

Assuming a reading speed of 250 words per minute. Learn more

Description

This paper studies the participation and performance of sophisticated versus unsophisticated auction participants in an environment with numerous bidders, uncertainty, and asymmetric information. We examine multi-unit, pay-as-bid, currency auctions conducted by the Central Bank of Venezuela. We find that sophisticated bidders outperform their less sophisticated rivals during periods of high volatility, apparently as a result of their superior informationgathering ability. The result is consistent across both quantity (sophisticated bidders win more market share) and price (sophisticated bidders pay lower premiums). The result is consistent with the view that a pay-as-bid auction format may be detrimental to participation by less-informed bidders.

How long is Bidder Participation and Information in Currency Auctions?

Bidder Participation and Information in Currency Auctions by Rafael Romeu is 46 pages long, and a total of 11,776 words.

This makes it 16% the length of the average book. It also has 14% more words than the average book.

How Long Does it Take to Read Bidder Participation and Information in Currency Auctions Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 4 minutes to read Bidder Participation and Information in Currency Auctions aloud.

What Reading Level is Bidder Participation and Information in Currency Auctions?

Bidder Participation and Information in Currency Auctions is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Bidder Participation and Information in Currency Auctions?

Bidder Participation and Information in Currency Auctions by Rafael Romeu is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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