Assembling land for urban revitalization in the presence of linchpin parcels and information asymmetries: An experimental investigation

Zillante Artie; Read Dustin C.; Seiler Michael J.

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Assembling land for urban revitalization in the presence of linchpin parcels and information asymmetries: An experimental investigation

机译：在Linchpin包裹的存在和信息不对称的情况下组装土地，以便在存在的情况下和信息不对称：实验调查

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摘要

This study uses economic experiments to determine if information asymmetries are likely to frustrate government efforts to assemble land for urban revitalization when there is a linchpin parcel that must be acquired to move a development project forward. Results suggest holdout behavior is more pronounced when landowners know a linchpin parcel exists. Surprisingly, landowners who know they control such parcels are found to be more willing to sell than those who are uncertain about the strategic importance of their properties. These observations raise interesting questions about the nature of holdout problems and how they can potentially be overcome by approaching land assembly in a transparent manner.

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来源
《Land Use Policy》 |2020年第1期|共9页
作者
Zillante Artie; Read Dustin C.; Seiler Michael J.;
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作者单位

UNC Charlotte Econ Belk Coll Business Charlotte NC USA;

Virginia Tech Coll Liberal Arts &

Human Sci Blacksburg VA 24061 USA;

Coll William &

Mary Mason Sch Business Real Estate &

Finance Williamsburg VA 23187 USA;

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原文格式 PDF
正文语种 eng
中图分类土地经济学;
关键词
Land assembly; Holdout problems; Information asymmetries; Urban revitalization;

机译：土地汇编;持有问题;信息不对称;城市振兴;

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Assembling land for urban revitalization in the presence of linchpin parcels and information asymmetries: An experimental investigation

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