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Optimal mechanism for land acquisition
- Source :
- Review of Economic Design. 26:87-116
- Publication Year :
- 2021
- Publisher :
- Springer Science and Business Media LLC, 2021.
-
Abstract
- Sellers with one unit of land each are located at the nodes of a graph. Two sellers are contiguous if they are connected by an edge in the graph. The buyer realizes a positive value only if he can purchase plots that constitute a path of given length. We characterize the optimal mechanism when the buyer and sellers have independently distributed private valuations.
Details
- ISSN :
- 14344750 and 14344742
- Volume :
- 26
- Database :
- OpenAIRE
- Journal :
- Review of Economic Design
- Accession number :
- edsair.doi...........94249797fb15ffb23cea983d775734ac
- Full Text :
- https://doi.org/10.1007/s10058-021-00256-5