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Optimal mechanism for land acquisition

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  • Soumendu Sarkar

    (University of Delhi)

Abstract

Sellers with one unit of land each are located at the nodes of a graph. Two sellers are contiguous if they are connected by an edge in the graph. The buyer realizes a positive value only if he can purchase plots that constitute a path of given length. We characterize the optimal mechanism when the buyer and sellers have independently distributed private valuations.

Suggested Citation

  • Soumendu Sarkar, 2022. "Optimal mechanism for land acquisition," Review of Economic Design, Springer;Society for Economic Design, vol. 26(1), pages 87-116, March.
    • Handle: RePEc:spr:reecde:v:26:y:2022:i:1:d:10.1007_s10058-021-00256-5
    DOI: 10.1007/s10058-021-00256-5
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    References listed on IDEAS

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    More about this item

    Keywords

    Contiguity; Convergence; Eminent Domain; Land acquisition; Mechanism design; Optimal mechanism; Myerson-Satterthwaite;
    All these keywords.

    JEL classification:

    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
    • D47 - Microeconomics - - Market Structure, Pricing, and Design - - - Market Design

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