Eng Ong, Seow; Jam Cheng, Fook; Boon, Boaz; Foo Sing, Tien - In: Journal of Property Investment & Finance 21 (2003) 2, pp. 154-189
Real estate developers often operate in oligopolistic environments. Pricing strategies must be made in an interactive … bidding for land and pricing the end product is examined. The results indicate that competitor actions are important … considerations in pricing decisions. In particular, the profit maximizing pricing strategy depends critically on being competitive …