The land assembly problem revisited

• Published in: Regional science and urban economics Vol. 34; no. 2; pp. 155 - 162
• Main Authors: Menezes, Flavio, Pitchford, Rohan
• Format: Journal Article
• Language: English
• Published: Amsterdam Elsevier B.V 01.03.2004; Elsevier; Elsevier Sequoia S.A
• Series: Regional Science and Urban Economics
• Subjects: Coordination; Developers; Economic theory; Inefficient delay; Land; Land assembly; Point of sale; Property; Property values; Real estate sales; Regional studies; Studies; Urban economics; Urban studies; Inefficient delay; Coordination; C78; Land assembly; R52; C72

As in the standard land assembly problem, a developer wants to buy two adjacent blocks of land belonging to two different owners. The value of the two blocks of land to the developer is greater than the sum of the individual values of the blocks for each owner. Unlike the land assembly literature, h...