The Land Assembly Problem Revisited Menezes, Flavio; Pitchford, Rohan

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Menezes, Flavio ; Pitchford, Rohan
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Regional Science & Urban Economics
Public goods -- Analysis; Geography; Keywords: land market; landowner; market conditions; price determination Coordination; Inefficient delay; Land assembly
As in the standard land assembly problem, a developer wants to buy two adjacent blocks of land belonging to two different owners. The value of the two blocks of land to the developer is greater than the sum of the individual values of the blocks for each
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