浅析低价中标的危害性及其对策

本文主要分析招投标中目前普遍存在的低价中标现象产生的根源及其危害,由此提出关于遏制恶性竞争、低价中标方面的对策。     

浅议如何进行园林工程投标

园林企业通过参与投标成为承揽工程的主要手段。但是园林工程的投标竞争非常激烈。本文就园林企业在参与园林工程投标时,在投标一些关键时期应做的工作及其工作要点进行一些探讨。     

Volatility,Depth, and Order Composition: Evidence from a Pure Limit Order Futures Market

This paper investigates market behaviors (such as volatility, depth, and volume) and order-flow decomposition in a pure limit order futures market, the Taiwan Futures Exchange. The results are different from those in equity markets due to relatively high adverse selection costs in futures markets. We show that a volatility (depth) increase is followed by a depth (volatility) decrease; a market order increase (decrease) subsequently induces higher (lower) volatility; and a limit order increase (decrease) results in more (less) market orders and limit orders. When the upside (downside) volatility rises, buyers decrease (increase) subsequent limit bid orders, and sellers increase (decrease) limit ask orders.     

招投标中的博弈与决策

博弈论研究方法是从复杂的现象中抽象出基本的元素,对这些元素构成的数学模型进行分析,而后逐步引入对其形势产生影响的其他因素,从而分析其结果。本文通过对招投标实例进行数学模型分析,使丙公司最终做出了科学的决策,赢得了竞争。     

The Declining Role of NASDAQ Market Makers

We compare the liquidity providing behavior of NASDAQ market makers in 2010 to their behavior in 2004. We examine how frequently market makers are at the inside quote, what market and stock specific factors influence market makers’ behavior, and the relation between market maker participation and intraday bid‐ask spread patterns. We observe a decrease in the percent of the trading day dealers’ quote at the inside, a decline in the number of market makers, and a decrease in the influence market makers have on intraday spread patterns. The results suggest that the role of NASDAQ market makers declines over time.     

Snipers, Stalkers, and Nibblers: Online Auction Business Ethics

Spirited disagreement exists among online auction participants over the ethics of sniping: delaying one's bid until the closing seconds of an online auction. Through analysis of the structural features of online auctions and by deploying Rawls's (1955) distinction between justifying an action under a practice and justifying the practice itself, I argue that: (i) the disagreement is better conceived as one over the ethics of online auction hosting (and therefore, over business ethics) than over the ethics of online auction participation; (ii) so conceived, the argument against sniping is nonetheless implausible; and (iii) the disagreement remains interesting not on the merits, but for the curious fact that it is bidders who complain about sniping.     

合理投标报价方法研究

通过对目前工程投标中一些不合理现象的分析,提出了合理报价需要考虑的几个方面,希望对提高投标报价的合理性会有所帮助。     

The demand for agricultural land and strategic bidding in auctions

A unique feature of land auctions is that the same land is auctioned twice; first the land is broken into tracts and each tract is auctioned individually. Then, the tracts are reassembled and auctioned as a whole parcel. After the two auctions are completed, the seller chooses the one that generates a higher revenue. The main purpose of this paper is to provide an explanation of why such an auction design is employed to sell farmland. We also show that this feature of land auctions leads to interesting interaction among the bidding strategies of the players in each of the two auction stages.     

Specialists,Limit‐Order Traders,and the Components of the Bid‐Ask Spread

This study compares the components of the bid‐ask spread estimated from quotes that reflect the trading interest of specialists with those estimated from limit‐order quotes and all available quotes for a sample of New York Stock Exchange (NYSE) stocks. The results show that the adverse selection component of the spread estimated from specialist quotes is significantly smaller than the corresponding figures from limit‐order quotes and entire quotes. We interpret this as evidence that NYSE specialists transfer at least a part of adverse selection costs to outsiders through the discretionary use of limit orders. Our results show that the estimation/interpretation of the components of the spread using quote data that include both specialist and limit‐order interests is problematic.     

建筑工程施工招投标阶段造价控制研究

文章以提高建筑施工企业成本管理水平和施工项目经济效益为目的,对工程项目的成本管理中的建筑工程施工招投标阶段的造价控制进行了深入研究,指出了建筑工程施工招投标阶段的造价控制存在的主要问题,提出了建筑工程施工招投标阶段的造价控制措施。