One minute Trey Hanrahan is president of a $26 billion bank, the next his bank is targeted for takeover by a powerful Mafia crime family. The mob wants the bank for its billions in cash, confidential records, and its international connections in order to boost their worldwide illegal activities. The syndicate's front man is Carl Berger, sharp as a stiletto. He conceives the clever takeover plan, sells his crime bosses on the idea, then surreptitiously convinces the bank's largest shareholder to go along with the sale. Hanrahan fights the takeover with a three-prong defense plan that will uncover the mob's criminal activities, force the syndicate leaders into open federal court and shine the unwelcome light of publicity on their illegal operations. However, in fighting the takeover Hanrahan knows he risks not only his job, but also his life. THE BANK is the story of two powerful men whose lives have crossed since childhood, and whose ambitions fuel this multi-billion dollar conflict.
An invaluable account of how auctions work—and how to make them work Few forms of market exchange intrigue economists as do auctions, whose theoretical and practical implications are enormous. John Kagel and Dan Levin, complementing their own distinguished research with papers written with other specialists, provide a new focus on common value auctions and the "winner's curse." In such auctions the value of each item is about the same to all bidders, but different bidders have different information about the underlying value. Virtually all auctions have a common value element; among the burgeoning modern-day examples are those organized by Internet companies such as eBay. Winners end up cursing when they realize that they won because their estimates were overly optimistic, which led them to bid too much and lose money as a result. The authors first unveil a fresh survey of experimental data on the winner's curse. Melding theory with the econometric analysis of field data, they assess the design of government auctions, such as the spectrum rights (air wave) auctions that continue to be conducted around the world. The remaining chapters gauge the impact on sellers' revenue of the type of auction used and of inside information, show how bidders learn to avoid the winner's curse, and present comparisons of sophisticated bidders with college sophomores, the usual guinea pigs used in laboratory experiments. Appendixes refine theoretical arguments and, in some cases, present entirely new data. This book is an invaluable, impeccably up-to-date resource on how auctions work--and how to make them work.
Cherry Boone O'Neill's bestselling book Starving for Attentiontold of her eating disorder and subsequent recovery. Drawing from their experiences and extensive research, the O'Neills now describe the nature of addictions and tell how to effectively relate to and help the addictive person.
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