Du Xin. / Thesis (M.Phil.)--Chinese University of Hong Kong, 2004. / Includes bibliographical references (leaves 67-68). / Abstracts in English and Chinese. / Abstract --- p.i-ii / Acknowledgement --- p.iii / Table of Contents --- p.iv-v / Chapter Chapter 1 --- Introduction --- p.1 / Chapter 1.1 --- Background information and history of VRM auctions in Hong Kong --- p.2 / Chapter 1.2 --- VRM auctions in other countries --- p.6 / Chapter 1.3 --- Chinese numerology in brief --- p.8 / Chapter Chapter 2 --- "Data Set, literature review and models" --- p.11 / Chapter 2.1 --- Data Set --- p.11 / Chapter 2.2 --- Literature review --- p.13 / Chapter 2.3 --- Variables --- p.14 / Chapter 2.4 --- Model set-up --- p.18 / Chapter 2.4.1 --- Sub-sample estimation --- p.18 / Chapter 2.4.1.1 --- LENGTH as the segmentation criterion --- p.18 / Chapter 2.4.1.2 --- Price range as the segmentation criterion --- p.20 / Chapter 2.4.2 --- Taking logarithm to smooth the fluctuation --- p.22 / Chapter Chapter 3 --- Estimations of hedonic pricing models using the entire sample --- p.23 / Chapter 3.1 --- Estimation results for sub-samples using LENGTH as the segmentation criterion --- p.23 / Chapter 3.2 --- Estimation results for sub-samples using price range as the segmentation criterion --- p.29 / Chapter 3.2.1 --- Estimation of models for the first sub-sample --- p.30 / Chapter 3.2.2 --- Estimation of models for the second sub-sample --- p.33 / Chapter 3.2.3 --- Estimation of models for the third sub-sample --- p.36 / Chapter Chapter 4 --- Estimations of hedonic pricing models using the 99% sample --- p.42 / Chapter 4.1 --- Estimation results for sub-samples using LENGTH as the segmentation criterion --- p.42 / Chapter 4.2 --- Estimation results for sub-samples using price range as the segmentation criterion --- p.49 / Chapter 4.2.1 --- Estimation of models for the first sub-sample --- p.50 / Chapter 4.2.2 --- Estimation of models for the second sub-sample --- p.52 / Chapter 4.2.3 --- Estimation of models for the third sub-sample --- p.52 / Chapter Chapter 5 --- Estimations of hedonic pricing models for LNP --- p.60 / Chapter Chapter 6 --- Conclusion --- p.65 / References --- p.67 / Appendix A Normality test for LNP --- p.69