Lecture

Economics of Real Estate: Auctions

Description

This lecture explores the economics of real estate auctions, focusing on the different auction formats such as ascending and sealed-bid auctions. It discusses how investors' willingness to pay influences competition and transaction outcomes, using examples to illustrate the concepts. The instructor also explains how auction mechanisms impact the determination of land prices and the importance of revealing or concealing investors' reservation prices.

In MOOCs (2)

Instructor

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Official source

https://mediaspace.epfl.ch/media/0_rb0qvn16

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