Decision Sciences
8 years ago

Shanghai's Vehicle License Auction Reform Leads to Record-Low Transaction Prices.

2 views
Science Technology and Engineering
Theory Analysis and Demonstration of Vehicle License Auction
Jingtao Wang

Paper Summary

The article discusses different auction methods used in vehicle license auctions in Shanghai. It analyzes the impact of a reform in 2008 on the lowest transaction price. The study predicts possible future innovations in the auction and their potential outcomes.

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