Government Supply of Land in a Dual Market
研究了新加坡双重土地市场中政府如何供应土地，以及政府与私人土地供应对价格信号的反应差异，对理解政府出售资产问题有参考价值。
A dual land market is one in which the government owns a significant portion of developable land while real estate development is done primarily by the private sector. This article examines Singapore's experience with its system of government land supply in a dual market, focusing on its response to market signals as well as the interaction with the significant private supply of land. The example is relevant to the general problem of government sales of valuable assets. The private supply of developable land behaves in line with expectations. The government response to price signals differs only modestly from that of private landowners.