Economics, Finance, & Quantitative Analysis
Peter Cramton and Brett Katzman stick to their guns: Medicare auctions remain fatally flawed and must be fixed. They argue that contrary to Hoerger's comment, no comfort can be drawn from the fact that the market was able to withstand price reductions in early pilots.
Peter Cramton and Brett E. Katzman. "Comment on Hoerger: Early Pilots of Medicare Auctions Bring No Solace to Auction Experts" The Economists' Voice 8.2 (2011): 1-4.