George on Land Speculation and the Winner's Curse

Nicolaus Tideman

American Journal of Economics and Sociology, 2004, vol. 63, issue 5, 1091-1095

Abstract: Abstract. Henry George anticipated the winner's curse phenomenon and suggested an antidote to prevent wasteful land speculation. In these ways his economic ideas still resonate today as part of modern finance theory.

Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:bla:ajecsc:v:63:y:2004:i:5:p:1091-1095

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