This article proposes a duopoly dynamic game theoretic model to investigate the market structure and aggregate surplus of real estate development when land is sold in a sealed-bid first price auction vis-à-vis an open English auction. It relaxes the assumption of symmetric bidders. The land...

Amtrak launched free Wi-Fi internet service (“AmtrakConnect”) on all trains of the California Capitol Corridor route (CC) on November 28, 2011. In March 2012, an onboard survey was conducted to evaluate the impact of the Wi-Fi service on ridership. We develop descriptive statistics and...

Purpose – The existing literature on real estate investment trust (REIT) capital‐structure decisions implicitly excludes either interest payment tax shield benefits or a trust's growth potential. The purpose of this paper is to test the long‐term debt leverage decisions of listed property...

Purpose The purpose of this paper is to examine developers’ optimal development timing when developers are heterogeneous and have different marginal costs in a real estate development market. Design/methodology/approach This study uses a multiple-player game theoretic real option model and...