Chinese aka Dutch auction

David Bergdahl bergdahl at OHIO.EDU
Tue Sep 21 18:09:18 UTC 1999

In the financial world I believe dutch auctions involve selling bonds at
the average price of all the bids rather than to the highest bidders.  I
don't understand the rationale behind it but I can ask my broker if
anyone is interested.  Dutch auctions have been used more recently.

-- db
David Bergdahl
tel:  (740) 593-2783
366 Ellis Hall     Ohio University  Athens, Ohio 45701-2979       fax:
(740) 593-2818

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