Community Apartments: Condominium or Stock Cooperative?
نویسندگان
چکیده
منابع مشابه
Condominium and Cooperative Housing: Transactional Efficiency, Tax Subsidies, and Tenure Choice
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Let H be an infinite-dimensional complex Hilbert space and let L(H) be the logic formed by all closed subspaces of H. For every natural k we denote by Gk(H) the Grassmannian consisting of k-dimensional subspaces. An orthogonal apartment of Gk(H) is the set consisting of all k-dimensional subspaces spanned by subsets of a certain orthogonal base of H. Orthogonal apartments can be characterized a...
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This paper considers the problem of designing selling procedures for substitutes (like condominium units). I show that oral, ascending auctions for the right to choose are efficient. This is a common type of auction used for the sale of real estate. Efficiency is not optimal from the seller’s viewpoint. An optimal procedure distorts the right-tochoose auction to favor in late rounds bidders who...
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ژورنال
عنوان ژورنال: California Law Review
سال: 1962
ISSN: 0008-1221
DOI: 10.2307/3479166