What if GM goes broke?

Posted by on November 20th, 2008 at 02:19am

Free Unique Content.com wrote an interesting post today on
Here’s a quick excerpt
What if GM goes broke? Neither a bailout nor bankruptcy may save General Motors or the other Detroit automakers. So imagine the cost of losing GM, starting with millions of jobs. The Optimality of Uniform Pricing in IPOs: An Optimal Auction Approach This paper uses an optimal auction approach to investigate the conditions under which uniform pricing in IPOs is optimal. We show that the optimality of a uniform price in IPOs depends crucially on whether the (optimal) allocation rule is restri

Read the rest of this great post here

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