International Real Estate Review
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Published:2009-08-31
Issue:2
Volume:12
Page:157-170
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ISSN:2154-8919
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Container-title:International Real Estate Review
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language:
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Short-container-title:IRER
Author:
Amidu Abdul - Rasheed Amidu, ,Agboola Alirat Olayinka,
Abstract
This study examines the determinants of auction premium using data from a first-price sealed bid auction of Federal Government Landed Properties in Nigeria. The results indicate that the number of bidders and location are important determinants of auction price premiums. These findings are consistent with the auction theory. The empirical estimates also suggest that property type as well as bidder characteristics may also influence auction premiums.
Publisher
Global Social Science Institute
Subject
Economics and Econometrics,Urban Studies,Finance,Accounting,Geography, Planning and Development,Demography
Cited by
1 articles.
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