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New Ranking System Reveals Optimal Treasury Auction Strategies for Maximum Revenue

A Theory of Treasury Auctions
Arupratan Daripa

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The article explores how treasury auctions work and compares them to other similar auctions. The researchers analyze different auction types and their revenue generation, focusing on informed bidders and uninformed outsiders. They find that certain auction setups can lead to more revenue for the treasury, providing insights for policymakers.