This paper studies one managerial decision problem of the auction sites： how to combine penalties with commissions？ It is shown that when there exists secondary auction market, the auction whose penalty is a linear ...This paper studies one managerial decision problem of the auction sites： how to combine penalties with commissions？ It is shown that when there exists secondary auction market, the auction whose penalty is a linear function of the seller＇s commission will be more efficient than the auction with only commissions but no penalties. It has also been proven that using this strategy can maximize the expected revenue for the seller, the auction site and their total expected revenues.展开更多
The Fifth Plenary Session of the Sixteenth Cen-tral Committee of the Communist Party of ChinaIn accordance with the overall arrangement of the SixteenthNational Congress of the Communist Party of China for building aw...The Fifth Plenary Session of the Sixteenth Cen-tral Committee of the Communist Party of ChinaIn accordance with the overall arrangement of the SixteenthNational Congress of the Communist Party of China for building awell-off society in an all-round way in the first twenty years inthis century, the Fifth Plenary Session of the Sixteenth CentralCommittee had put forward the main targets for economicand social development in the Eleventh Five-Year Plan period:展开更多
AT the 12th National Congress of the All-China Federation of Trade Unions(ACFTU) held in 1988 a large number of women deputies put forward the proposal that women workers commissions be established in trade unions to ...AT the 12th National Congress of the All-China Federation of Trade Unions(ACFTU) held in 1988 a large number of women deputies put forward the proposal that women workers commissions be established in trade unions to strengthen the role of female workers in展开更多
基金The research was supported by NNSF of China and RGC of Hong Kong Joint Research Scheme(Project No.N_CityU103/02)also supported by National Natural Science Foundation of China(Project No. 70401004)
文摘This paper studies one managerial decision problem of the auction sites： how to combine penalties with commissions？ It is shown that when there exists secondary auction market, the auction whose penalty is a linear function of the seller＇s commission will be more efficient than the auction with only commissions but no penalties. It has also been proven that using this strategy can maximize the expected revenue for the seller, the auction site and their total expected revenues.
文摘The Fifth Plenary Session of the Sixteenth Cen-tral Committee of the Communist Party of ChinaIn accordance with the overall arrangement of the SixteenthNational Congress of the Communist Party of China for building awell-off society in an all-round way in the first twenty years inthis century, the Fifth Plenary Session of the Sixteenth CentralCommittee had put forward the main targets for economicand social development in the Eleventh Five-Year Plan period:
文摘AT the 12th National Congress of the All-China Federation of Trade Unions(ACFTU) held in 1988 a large number of women deputies put forward the proposal that women workers commissions be established in trade unions to strengthen the role of female workers in
