Empirical Evidence Of The Influences On First- Price Bid Auction Premiums

Author

Start Page / End Page

Volume

Issue Number

Year

Publication

Abdul-Rasheed Amidu and Alirat Olayinka Agboola

157 / 170

12

2

2009

International Real Estate Review

Abstract


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.
 

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