@inproceedings{80d85f1dd0514e7bb2665c0082b058c6,
title = "Empirical study of treasury auction formats",
abstract = "The revenue between Dutch auction, American auction and hybrid auction can not be compared by auction theory. The paper establishes a statistical empirical model and uses the data of China's treasury auction market to examine the revenue between Dutch auction, American auction and hybrid auction. The paper has three important conclusions and the hybrid auction can prevent the winner's course and collusion. It is the better treasury auction format for the seller.",
keywords = "American auction, Dutch auction, Hybrid auction, Statistic analysis, Treasury auction format",
author = "Yanping Bai and Yu Zhang",
year = "2011",
doi = "10.1007/978-3-642-23020-2_19",
language = "English",
isbn = "9783642230196",
series = "Communications in Computer and Information Science",
number = "PART 2",
pages = "127--132",
booktitle = "Advances in Applied Economics, Business and Development - International Symposium, ISAEBD 2011, Proceedings",
edition = "PART 2",
note = "2011 International Symposium on Applied Economics, Business and Development, ISAEBD 2011 ; Conference date: 06-08-2011 Through 07-08-2011",
}