id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
absel-767	Pillutla, Sharma	Investigation of the Impact of Decision Parameters for a Dutch Auction Simulation For IPO Issues	2014	6	.pdf	application/pdf	4139	155	55	Sorted Total $ Price/ Buyer # Bid Award Price Share Bid Award Price Share 1 18181 18181 $10.95 $199,082 $10.93 13135 13135 $10.97 $144,091 $10.71 2 17853 17853 $10.93 $195,133 $10.73 538 538 $10.92 $5,875 $10.04 3 2284 2284 $10.91 $24,918 $10.13 4856 4856 $10.85 $52,688 $10.85 4 12919 12919 $10.86 $140,300 $10.37 13380 13380 $10.85 $145,173 $10.02 5 19557 19557 $10.77 $210,629 $10.50 13256 13256 $10.74 $142,369 $10.85 6 10323 10323 $10.73 $110,766 $10.58 13311 13311 $10.71 $142,561 $10.68 7 3284 3284 $10.69 $35,106 $10.77 15197 15197 $10.69 $162,456 $10.58 8 16063 15599 $10.66 $166,285 $10.95 17933 17933 $10.68 $191,524 $10.74 9 15404 0 $10.65 $0 $10.62 2494 2494 $10.58 $26,387 $10.41 10 2990 0 $10.65 $0 $10.65 15965 5900 $10.57 $62,363 $10.97 11 12062 0 $10.62 $0 $10.02 17515 0 $10.54 $0 $10.24 12 5079 0 $10.58 $0 $10.86 16272 0 $10.41 $0 $10.54 13 6382 0 $10.53 $0 $10.69 12037 0 $10.35 $0 $10.07 14 6150 0 $10.52 $0 $10.52 1123 0 $10.29 $0 $10.57 15 3834 0 $10.50 $0 $10.65 8701 0 $10.29 $0 $10.29 16 1766 0 $10.37 $0 $10.53 17268 0 $10.24 $0 $10.92 17 3311 0 $10.26 $0 $10.22 12180 0 $10.11 $0 $10.29 18 19621 0 $10.22 $0 $10.91 6510 0 $10.07 $0 $10.11 19 19454 0 $10.13 $0 $10.66 15994 0 $10.04 $0 $10.35 20 19610 0 $10.02 $0 $10.26 4476 0 $10.02 $0 $10.69 216127 100000 $1,082,220 222141 100000 $1,075,487 Market- clearing price For the purposes of this Monte Carlo simulation, an estimated market price (EMP) was used as a base around which bid prices were generated using a uniform probability density function. Since a Dutch auction of this sort is not a common value auction but based on perceptions of investors as to the company’s one could conceivably have widely gyrating bid prices.	cache/absel-767.pdf	txt/absel-767.txt