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J4  2005, Vol. 2 Issue (5): 546-    DOI:
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Game Analysis of Price Stabilization in IPO Market
 FAN Xiao-Yong, LIANG Liang, DENG Xue-Zhong
University of Science and Technology of China; Hefei; China

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Abstract  

Price stabilization is an important phenomenon in IPO market.The intrinsic mechanism of the price stabilization was explained.It was proved that the price stabilization is necessary in game between the consignees and investors.This conclusion implies that the securities supervisor should affirmatively face the existed price stabilization and enact relevant information declaration or regulation and operational criterion in order to avoid the price manipulation and make the price stabilization give its positive role in the liquidity of auction market.

Key wordsIPO marketing      price stabilization      game      price competition     
Received: 24 December 2004     
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FAN Xiao-Yong
LIANG Liang
DENG Xue-Zhong
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FAN Xiao-Yong,LIANG Liang,DENG Xue-Zhong. Game Analysis of Price Stabilization in IPO Market[J]. J4, 2005, 2(5): 546-.
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http://manu68.magtech.com.cn/Jwk_glxb/EN/     OR     http://manu68.magtech.com.cn/Jwk_glxb/EN/Y2005/V2/I5/546
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