English, Article edition: Empirical Evidence Of The Influences On First-Price Bid Auction Premiums Abdul – Rasheed Amidu; Alirat Olayinka Agboola

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Physical Description
  • article
Language
  • English

Edition details

Title
  • Empirical Evidence Of The Influences On First-Price Bid Auction Premiums
Author
  • Abdul – Rasheed Amidu
  • Alirat Olayinka Agboola
Physical Description
  • article
Notes
  • RePEc:ire:issued:v:12:n:02:2009:p:157-170
  • This study examines the determinants of auction premium using data from a first-price sealed bid auction of Federal Government Landed Properties in Nigeria. The results indicate that the number of bidders and location are important determinants of auction price premiums. These findings are consistent with the auction theory. The empirical estimates also suggest that property type as well as bidder characteristics may also influence auction premiums.
  • Real estate markets; First-price bid auction; Auction price premium; Nigeria
  • RePEc:ire:issued:v:12:n:01:2009:p:157-170
Language
  • English
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