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Optimal mechanism for land acquisition

Authors :
Soumendu Sarkar
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