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Also you cannot bid zero tricks and are not penalized for overbidding.

也可以不申办零过关,而不是惩罚过高

India hopes to avoid a repeat of the 1990s round, when some firms crippled themselves by overbidding

印度希望避免90年代一些公司因出价过高而削弱自己的情况。

Delgado et al. discuss two standard explanations for overbidding.

德尔加多等人讨论了有关喊价过高的两个标准解释。

Brain scans of people taking part in an auction showed those "overbidding" had a greater response to losing than to winning, the Science journal reported.

科学期刊报道,对人们拍卖时的大脑扫描显示,那些&出价过高的人&对输的反应比对羸更大。

The authors interpret this result assuggesting that subjects experience "fear of losing" and that this fearaccounts for their overbidding.

作者们解释了这个结果,认为这暗示了实验对象体验着一种&失标恐惧感&,而且正是这种恐惧感成了喊价过高的原因。

A surge in land prices, particularly in big centres such as Shanghai and Beijing, has been blamed partly on inexperienced state-owned companies with easy access to credit overbidding on land auctions as a way of speculating in the property market.

近期中国地价飙升(尤其是在上海和北京等大城市),已被部分归咎于经验不足、但能够轻易得到信贷的国有企业在土地拍卖中过高出价,将其当作一种在房地产市场投机的方式。

But this leads immediately to overbidding, because risk-neutral equilibrium bidding entails a great deal of shading: A buyer will bid only one-half her valuation.

不过其直接的结果就是喊价过高,因为风险-中性的竞标者在均衡时的喊价要求作相当程度的削减:竞标者的喊价只能是其评价的一半。

This kind of "clock auction", as it is called, is meant to avoid a repeat of the mobile-telecoms licence auctions of the 1990s, when several Indian companies got carried away, crippling themselves by overbidding in auctions for telecoms licences.

这种&clock auction&,这如其名,为了避免90年代的移动电信牌照的重复拍卖,当时一些印度公司陷入痴迷由于过高的在拍卖中对电信牌照出价而削弱了自己。

Delgado et al. discuss two standard explanationsfor overbidding.

德尔加多等人讨论了有关喊价过高的两个标准解释。

But this leadsimmediately to overbidding, because risk-neutral equilibrium biddingentails a great deal of shading: A buyer will bid only one-half hervaluation.

不过其直接的结果就是喊价过高,因为风险-中性的竞标者在均衡时的喊价要求作相当程度的削减:竞标者的喊价只能是其评价的一半。

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