An Econometric Analysis of Auction Price Results of the Shanghai Car License Plate from 2004 to 2018
Graduation Year
2019
Date of Submission
4-2019
Document Type
Campus Only Senior Thesis
Degree Name
Bachelor of Arts
Department
Economics
Reader 1
Yaron Raviv
Terms of Use & License Information
Rights Information
© 2019 Jinyi Jiang
Abstract
This paper studies the effects of auction mechanisms on the average price of auction results of Shanghai car license plate from 2004 to 2018. We construct two linear regression models and find that an iterated multi-unit auction has a lower efficiency than a seal-bid discriminatory multi-unit auction. We also find that the pre-set price-ceiling is positively correlated with the average winning price. These results suggest that the government can potentially manipulate auction results through the design of the auction mechanism, and through the setting of warning price as a price ceiling.
Recommended Citation
Jiang, Jinyi, "An Econometric Analysis of Auction Price Results of the Shanghai Car License Plate from 2004 to 2018" (2019). CMC Senior Theses. 2207.
https://scholarship.claremont.edu/cmc_theses/2207
This thesis is restricted to the Claremont Colleges current faculty, students, and staff.
