第一章探讨了拍卖交易的功能和艺术品拍卖的特点，作为研究近现代国画的拍卖价格的基础。
Chapter One explores the functions of auction and the characteristics of artwork auction, which is the foundation of the study on the auction price of modern Chinese traditional paintings.
运用博弈论中的第一价格暗标拍卖原理，研究发电公司的不完全信息竞价博弈模型。
The bidding model of power plant company with incomplete information in unilateral open electricity market is analyzed by using the first price sealed bid auction.
证明了该拍卖方式与第一价格密封连续拍卖产生相同的预期收益；
Then, we show that the proposed auction generates the same revenue as a first-price sealed-bid sequential auction.
在一般情况下英式拍卖中卖者的期望利润随着投标者信念的增大而增大，而在第一价格封标拍卖中则恰恰相反。
At common instance, the seller's expected profit increase with the increase of the bidders common belief in the English auction however descend in the first price sealed auction.
在一般情况下英式拍卖中卖者的期望利润随着投标者信念的增大而增大，而在第一价格封标拍卖中则恰恰相反。
At common instance, the seller's expected profit increase with the increase of the bidders common belief in the English auction however descend in the first price sealed auction.
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