摘要
将考虑参考点的效用函数引入关联私人价值拍卖模型,证明了在APV中,竞拍人整体情绪的波动不会改变卖方对拍卖方式的选择,推广了最优拍卖价的相关研究结论;用数值运算的方法说明了在独立私人价值模型中,竞拍人整体情绪的波动可能引起最优保留价的较大波动,而在考虑关联性的私人价值模型中,竞拍人整体情绪的波动可能导致最优保留价的跳跃行为.
This paper considered utility function based on reference point in affiliation private value(APV)auction model, proved the emotion fluctuation based the reference point utility function will not change the auction revenue ranking, used numerical method to analyze the best reserve price may change greatly in IPV model and may jump in APV.
出处
《数学的实践与认识》
CSCD
北大核心
2010年第4期25-32,共8页
Mathematics in Practice and Theory
关键词
关联价值
情绪波动
最优保留价
affiliation value
emotion fluctuation
reserve price