Empirical study of treasury auction formats

Yanping Bai*, Yu Zhang

*此作品的通讯作者

科研成果: 书/报告/会议事项章节会议稿件同行评审

摘要

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.

源语言英语
主期刊名Advances in Applied Economics, Business and Development - International Symposium, ISAEBD 2011, Proceedings
127-132
页数6
版本PART 2
DOI
出版状态已出版 - 2011
已对外发布
活动2011 International Symposium on Applied Economics, Business and Development, ISAEBD 2011 - Dalian, 中国
期限: 6 8月 20117 8月 2011

出版系列

姓名Communications in Computer and Information Science
编号PART 2
209 CCIS
ISSN(印刷版)1865-0929

会议

会议2011 International Symposium on Applied Economics, Business and Development, ISAEBD 2011
国家/地区中国
Dalian
时期6/08/117/08/11

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