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The behaviour of several of the bidders involved in the convoluted and ill-conceived dual bidding process for the 2018 and 2022 tournaments is expected to be called into question, including Russia, Australia, Qatar and England.
Let Park City and Sundance be the two bidders involved within this case.
Last year, he gave evidence to a Stormont committee about contacts between ministers and bidders involved in the controversial Nama property deal.
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We show that, for correlated distributions, the same is true when only two bidders are involved, whereas for more bidders, randomization can generate strictly more revenue.
But you also see this effect in other places where naïve bidders are involved.
Despite the narrowing field of bidders, most involved in the process now don't expect a decision from Hollinger International and Lazard until early next week.
Both bidders have been involved in an aggressive bidding war, with the German government explicitly favoring Magna and the GM board split between both contenders.
The price is dislocated because the highest potential bidders are typically involved in a similar activity as the seller, and are therefore themselves indebted and cannot borrow more to buy the asset.
Hereford chairman David Keyte says that the club's prospective takeover by an unnamed bidder would involve representation from the current board.
"I know there would be other bidders," said one executive involved in the negotiations.
Considering the uncertainty over what is on offer, and the financial risks involved, potential bidders for British Energy are wisely keeping their cards close to their chests.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com