skip to main menu | skip to content

Ensuring a fair Lottery for the nation
£28 billion for good causes
£40 billion in prizes

Converting First Stage Bids to Full Bids In A Weak Market (NERA, August 2005)

This paper, prepared by NERA Economic Consulting, addressed the problem of converting first stage bids into good full bids in a weak market. By a “weak” market NERA meant one in which there is at most one serious bidder.

Related downloads