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Auction Mechanisms and Treasury Revenue : Evidence from the Chinese Experiment
Barbosa, Klenio - 2019
This paper exploits a large-size auction experiment conducted by two Chinese Government Treasury security issuers---the Chinese Development Bank and the Export-Import Bank---to investigate whether Treasury securities should be sold through uniform or discriminatory auction mechanisms. Based on...
Persistent link: https://www.econbiz.de/10012868424
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Bidding behavior in a symmetric Chinese auction
Benegas, Mauricio - In: Economia : revista da ANPEC 16 (2015) 1, pp. 93-110
This paper purposes a symmetric all-pay auction where the bidders compete neither for an object nor the object itself but for a lottery on receive. That lottery is determined endogenously through the bids. This auction is known as chance auction or more popularly as Chinese auction. The model...
Persistent link: https://www.econbiz.de/10011865416
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The Economics of China's Between-City Height Competitions : A Regression Discontinuity Approach
Lu, Jiaxuan - 2022
This article characterizes China's between-city skyscraper contest with an infinitely-repeated game. The mixed strategy equilibrium of this dynamic game-theoretic model implies that a Chinese city would be more inclined to build a taller skyscraper if the height of its current tallest building...
Persistent link: https://www.econbiz.de/10014078995
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The governance of anti-corruption on the Polar Silk Road
Krüßmann, Thomas M. - In: Eurasian geography and economics 62 (2021) 5/6, pp. 699-715
Persistent link: https://www.econbiz.de/10012821455
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Competitive bidding in drug procurement : evidence from China
Cao, Shengmao; Yi, Xuejie; Yu, Chuan - 2022
Persistent link: https://www.econbiz.de/10012817421
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Competitive Bidding in Drug Procurement : Evidence from China
Cao, Shengmao; Yi, Xuejie; Yu, Chuan - 2022
We study the impact of competitive bidding in the procurement of off-patent drugs. In 2019, China introduced …
Persistent link: https://www.econbiz.de/10013322169
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China's land market auctions : evidence of corruption
Cai, Hongbin; Henderson, J. Vernon; Zhang, Qinghua - 2009
Persistent link: https://www.econbiz.de/10003853407
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China's land market auctions : evidence of corruption?
Cai, Hongbin; Henderson, J. Vernon; Zhang, Qinghua - In: The Rand journal of economics 44 (2013) 3, pp. 488-521
Persistent link: https://www.econbiz.de/10010344518
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China's Land Market Auctions : Evidence of Corruption
Cai, Hongbin - 2010
potential bidders and the auctioneer. Absent corruption, theory suggests that two stage auctions would most likely maximize … sales are viewed as a major venue for corruption, prompting a number of reforms over the years. Reforms now require all … which we call a "two stage auction". The latter type of auction seems more subject to corruption, and to side deals between …
Persistent link: https://www.econbiz.de/10013152507
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China's Land Market Auctions : Evidence of Corruption
Cai, Hongbin - 2009
potential bidders and the auctioneer. Absent corruption, theory suggests that two stage auctions would most likely maximize … sales are viewed as a major venue for corruption, prompting a number of reforms over the years. Reforms now require all … which we call a "two stage auction". The latter type of auction seems more subject to corruption, and to side deals between …
Persistent link: https://www.econbiz.de/10012463582