Latest / The Fiscal Policy Podcast with Fexingo: Government Budgets, Stimulus, and Public Spending
Why Government Land Auctions Leave Billions on the Table
Episode 88 of The Fiscal Policy Podcast digs into a hidden drain on public budgets: how governments sell land. Lucas and Luna examine a concrete case from the UK's Homes England agency, which auctioned a prime development site in 2023 for 35 million pounds below its independent valuation. They trace the mechanics of sealed-bid land auctions, the incentive misalignment that drives lowball offers, and the estimated 12 billion dollars US state and local governments lose annually in similar transactions. The episode connects this to broader themes of public asset management, the tension…
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