An improved sequential auction with complementarity for pricing the construction land quota

HIGHLIGHTS

• who: Jingyu Liu and collaborators from the School of and Business Administration, University, China, School of have published the research work: An improved sequential auction with complementarity for pricing the construction land quota, in the Journal: PLOS ONE of October/29,/2020
• what: This study proposed that the construction land quota and construction land are complementary items and hence their pricing should be studied simultaneously instead of independently. Q.E.D. Proposition 6 shows that the farmers' expected income decreases with the increase in the number of bidders and revenue loss mainly because of the . . .
  

   

  

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