Yang, Zan; Ren, Rongrong; Liu, Hongyu; Zhang, Huan - In: Urban Studies 52 (2015) 5, pp. 841-856
Since 2004, two auction mechanisms – listing auctions and tender auctions – have played a dominant role in land lease arrangements for real estate development in Beijing. Listing auctions in land markets are similar to general English auctions, where bidders offer the highest price...