Helsinki GSE Discussion Papers

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Helsinki GSE Discussion Papers

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  • Fiscal Rules
  • Selective Programs
  • Auctions
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  • Affiliated Common Value Auctions with Costly Entry

    Pauli Murto and Juuso Välimäki

    Many auctions and procurement contests entail nontrivial bidding costs, which makes the bidders’ participation decisions endogenous to the auction design. We analyze the effect of different auction …

    Discussion paper

  • Sovereign Risk under Diagnostic Expectations

    Stefan Niemann and Timm M. Prein

    This paper studies the effects of overreaction to recent news for macroeconomic outcomes in the context of a quantitative model of sovereign debt and default. Overreaction is formalized in terms of …

    Discussion paper