Bidding for Land Development
研究了将弗里德曼最优竞标模型应用于土地开发拍卖，通过案例展示其可行性，适合关注拍卖机制和土地市场的读者。
This paper is concerned with applying an optimum bidding procedure, originally proposed by Friedman, to the purchase of development land. It is assumed that the vendor sells the land to the highest bidder in a sealed bid auction without any consideration of the design of the proposed development. Friedman's model for optimal bidding is introduced, and a case study is presented to demonstrate its applicability.