Development Value: A Real Options Approach Using Empirical Data
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Bibliographic InfoArticle provided by Springer in its journal The Journal of Real Estate Finance and Economics.
Volume (Year): 43 (2011)
Issue (Month): 3 (October)
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Web page: http://www.springerlink.com/link.asp?id=102945
Real options; Land value; Development;
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- Laarni Bulan & Christopher Mayer & C. Tsuriel Somerville, .
"Irreversible Investment, Real Options, and Competition: Evidence from Real Estate Development,"
Zell/Lurie Center Working Papers
391, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania.
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- Williams, Joseph T, 1991. "Real Estate Development as an Option," The Journal of Real Estate Finance and Economics, Springer, vol. 4(2), pages 191-208, June.
- C. Tsuriel Somerville, 2001. "Permits, Starts, and Completions: Structural Relationships Versus Real Options," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 29(1), pages 161-190.
- Geltner, David & Riddiough, Timothy & Stojanovic, Srdjan, 1996. "Insights on the Effect of Land Use Choice: The Perpetual Option on the Best of Two Underlying Assets," Journal of Urban Economics, Elsevier, vol. 39(1), pages 20-50, January.
- Christopher R. Cunningham, 2007. "Growth Controls, Real Options, and Land Development," The Review of Economics and Statistics, MIT Press, vol. 89(2), pages 343-358, May.
- Nishihara, Michi, 2012. "Real option valuation of abandoned farmland," Review of Financial Economics, Elsevier, vol. 21(4), pages 188-192.
- Jean Cavailhes & Mohamed Hilal & Pierre Wavresky, 2013. "A new real option value due to "demographic risk" in the market for developable land," Working Papers 185324, Institut National de la Recherche Agronomique, France.
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