We prove that there exists a feasible hedging strategy for any positive contigent claim in a market with higher interest rate for borrowing, and the selling price is higher than the purchasing price in the market.
本文指出在高利率借款市场中存在可行的保值策略，买方价大于卖方价，该工作基本上基于Ｋａｒｏｕｉ和Ｐｅｎｇ（１９９７）的结
a ring of dealers controlling prices at an antiques auction
操纵古物拍卖价格的一帮买卖人.
The dealers had combined to rig the auction price very low
那些商人事先就商量好故意压低拍卖价格。
(in an auction) the minimum price at which a seller of property will entertain bids.
（拍卖会上）卖者要求的最低开拍价格。
The painting was knocked down at ￡3000/was knocked down to Mr.Johnson for ￡3000.
这幅画以3000镑的价格拍卖掉／拍卖给约翰森先生。
The painting will be withdrawn when it does not reach its reserve .
当价格未达到最低拍卖价时画被撤回。
A research on bidding strategies in uniform-price share auctions;
统一价格份额拍卖中的报价策略研究
Optimal Bidding Strategies in Non-sealed Bid First-price Auctions of Common Products with Quantity Uncertainty;
公开一级价格网上竞卖拍卖的最优竞价策略
Knock a clock down for a trifling sum
以微不足道的价格拍卖掉了一只钟
They bid up the new buildings
他们(在拍卖场)哄抬了这些新楼的价格。
bid more than the object is worth, as during an auction.
在拍卖中给出高于物品本身的价格。
The store halved its prices during the big sale.
大拍卖期间这家店价格减半。
They knocked a clock down for a trifling sum.
他们以微不足道的价格拍卖掉1只钟。
Research on the Determinants of Price in Single-Unit Online Auctions
单物品在线拍卖的价格形成因素研究
A Game Study of the First-price Sealed-bid Procurement Auction
第一密封价格逆向拍卖机制博弈研究
During the bull market in property, with prices rising fast, auctions became increasingly popular.
在房地产牛市期间，价格飞价上涨，拍卖日益流行。
To sell to the person who make the highest offer
拍卖，卖给发价最高的人
SUPPRESSPRICE SPIKESBY HYBRIDIZING SYSTEM-MARGINAL-PRICE AUCTION AND PAY-AS-BID AUCTION;
抑制电价飞升的系统边际价格与报价价格混合拍卖机制
Many items at the auction went for less than their true value
拍卖的许多物件以低于它们真实价值的价格出卖了。
