在一级市场上,实验结果表明,统一价格拍卖IPO机制的抑价率最低,但定价准确性较差;
In the first market, the results show that underpricing in uniform price auction IPOs is lowest, but the pricing accuracy is bad.
过去已有相当多的文献讨论国债拍卖,米勒和弗雷德曼认为统一价格比歧视价格拍卖有比较优势。
There have been many literatures of the relative merits of selling government bonds using a uniform-price auction rather than the traditional discriminatory-price auction.
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