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The Research Of Pension Fund Auction Mechanism In China

Posted on:2004-10-10Degree:MasterType:Thesis
Country:ChinaCandidate:R YinFull Text:PDF
GTID:2156360125955684Subject:Social security
Abstract/Summary:PDF Full Text Request
As the social security reform goes deep, and more and more people are involved in social insurance, the accumulated pension fund keeps on increasing. How to increase the revenue of pension fund is a big problem. This paper try to apply auction theory into the investment management of pension fund. The whole paper analyse the basic auction model and compare the ascending and sealed-bidding auction. At last, this paper advices to take anglo-dutch auction, which is a hybrid of the sealed-bidding and ascending auction, in the selection of fund management company.
Keywords/Search Tags:Pension Fund, Auction, Mechanism Selection, Anglo-dutch Auction
PDF Full Text Request
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