Examines whether there is sufficient competition in the land market of the Hong Kong Special Administrative Region. Event-study methodology plays an important role in the investigation. There are five channels through which developers can get the land for development. Focuses on the channel land auction. The results show that the land auction market is not debatable, given the significant barriers to entry into this market. Also sheds light on the competitiveness of other sources of supply of land and down the property market. Defines the main barriers to entry land auction. Findings provide the evidence base for policy discussions. "Hide
by Stephen Chin, Yuming Fu, Alexandra Yiu Source: University of Hong Kong, 15 pages. Publication Date: January 12, 2004. Prod. #: HKU313-PDF-ENG
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