In the first market, the results show that underpricing in uniformpriceauction IPOs is lowest, but the pricing accuracy is bad.
在一级市场上,实验结果表明,统一价格拍卖IPO机制的抑价率最低,但定价准确性较差;
2
The paper draws the conclusion that in discriminatory auction and uniformpriceauction, enterprises can use symmetric equilibrium collusion to get minimal optimal revenue.
研究结果表明,在两种拍卖方式下,企业的利润在唯一的对称单阶段纳什均衡中能达到最小最大。
3
The generation companies will take different bidding strategies under different auction mechanisms, and the competition among generation companies is more intense in uniformpriceauction.