Title :
The empirical study on China´s treasury auction market
Author :
Yanping, Bai ; Zhang, Yu
Author_Institution :
College of Resource Environment and Tourism, Capital Normal University, Beijing, China
Abstract :
The revenue between single-price auction and multiple-price 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 single-price auction and multiple-price auction. The paper has three important conclusions and the single-price auction can prevent the winner´s course and collusion. It is the better treasury auction for the seller.
Keywords :
Data models; Dispersion; Economics; Educational institutions; Finance; Games; Security; multiple price auction; single price auction; statistic analysis; treasury auction market of China;
Conference_Titel :
E -Business and E -Government (ICEE), 2011 International Conference on
Conference_Location :
Shanghai, China
Print_ISBN :
978-1-4244-8691-5
DOI :
10.1109/ICEBEG.2011.5882483
