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Research On The Value Of Mineral Rights Based On The Auction Mechanism

Posted on:2009-05-04Degree:MasterType:Thesis
Country:ChinaCandidate:M J TanFull Text:PDF
GTID:2189360275497511Subject:Business management
Abstract/Summary:PDF Full Text Request
China is gradually implementing the reform of mineral rights market, but because of the special nature of mineral rights, the price discovery process is very complicate and often need to design a special trading system. Therefore, it is a significant field in current research on the value of mineral rights to seek scientific and rational pricing mechanism, in accordance with special nature of the mineral rights. While, auction, can effectively solve the pricing problem of difficult valuation, as a market-oriented pricing mechanism. Therefore, it is a rational process to discover the realistic value and price, through introducing the auction mechanism to the market of mineral rights, which convincing resolved the pricing problems on the transfer of mineral rights, and effectively prevent the transactional loss of state-owned resource. It can provide an effective foundation for the government to formulate policies for mineral rights'auction, through the research on the optimal retaining price, thereby, making it possible that the transparent mechanism of price competition can be efficiently applied to China's market for mineral rights, which played an vital role on optimizing the allocation for resources, preventing the waste and loss of the state-owned resources, and realized the maximization national revenue.It's analyzed the allocation affectivity and the optimal retaining price in the auction of mineral rights in the article, based on the analysis on the current status of mineral rights, taking game theory and standard analytical methods as the main tool, in the angle of the realistic needs of china's mineral rights market, which can guide the rational flow of mineral rights, optimize the resource allocation, effectively prevent the transactional loss of the state-owned resources, and achieve the national revenue maximization.
Keywords/Search Tags:Mineral Rights, Auction, Game Theory, Optimal Retaining Price
PDF Full Text Request
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