Full-Text Search:
Home|About CNKI|User Service|中文
Add to Favorite Get Latest Update

Competitive Bidding Price and Strike Price:Study on the Price Formation Mechanism of the Land Leasing Market

DAI Wei-ping,GU Hai-ying(Aetna School of Management, Shanghai Jiaotong University, Shanghai 200052,China)  
This article studies different price formation mechanisms when land property rights are leased by the methods of negotiation and bidding or auction. Under the competitive bidding mechanism, all the potential demander will take part in the price competitive and bidders face the average profit level as well as bid based on the game theory. In another mechanism, if the seller makes decision on which buyer would be the colloquist, the strike price would be lower than the competitive bidding price instead of equal in theory.
Download(CAJ format) Download(PDF format)
CAJViewer7.0 supports all the CNKI file formats; AdobeReader only supports the PDF format.
©CNKI All Rights Reserved