Chow, Yuen Leng; Ooi, Joseph T.L. - In: Real Estate Economics 42 (2014) 2, pp. 253-278
type="main" <p>This article compares whether the first-price sealed-bid tender or the ascending English open auction generates higher revenue for the seller. Using a unique set of data for land sales and accounting for the presence of an endogenous discrete mechanism choice variable, our results...</p>