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Uncertainty and the timing of an urban congestion relief investment.: The no-land case

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  • Saphores, Jean-Daniel M.
  • Boarnet, Marlon G.

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  • Saphores, Jean-Daniel M. & Boarnet, Marlon G., 2006. "Uncertainty and the timing of an urban congestion relief investment.: The no-land case," Journal of Urban Economics, Elsevier, vol. 59(2), pages 189-208, March.
  • Handle: RePEc:eee:juecon:v:59:y:2006:i:2:p:189-208
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    1. Robson, Arthur J., 1976. "Cost-benefit analysis and the use of urban land for transportation," Journal of Urban Economics, Elsevier, vol. 3(2), pages 180-191, April.
    2. Clarke, Harry R. & Reed, William J., 1988. "A stochastic analysis of land development timing and property valuation," Regional Science and Urban Economics, Elsevier, vol. 18(3), pages 357-381, August.
    3. Kanemoto, Yoshitsugu, 1975. "Congestion and cost-benefit analysis in cities," Journal of Urban Economics, Elsevier, vol. 2(3), pages 246-264, July.
    4. Coen N. Teulings & Pieter A. Gautier, 2004. "The Right Man for the Job," Review of Economic Studies, Oxford University Press, vol. 71(2), pages 553-580.
    5. Frame, David E., 2004. "Equilibrium and migration in dynamic models of housing markets," Journal of Urban Economics, Elsevier, vol. 55(1), pages 93-112, January.
    6. Solow, Robert M. & Vickrey, William S., 1971. "Land use in a long narrow city," Journal of Economic Theory, Elsevier, vol. 3(4), pages 430-447, December.
    7. Judd, Kenneth L. & Guu, Sy-Ming, 1997. "Asymptotic methods for aggregate growth models," Journal of Economic Dynamics and Control, Elsevier, vol. 21(6), pages 1025-1042, June.
    8. Hochman, Oded, 1975. "Market Equilibrium Versus Optimum in a Model with Congestion: Note," American Economic Review, American Economic Association, vol. 65(5), pages 992-996, December.
    9. Saphores, Jean-Daniel M., 2005. "The density of bounded diffusions," Economics Letters, Elsevier, vol. 86(1), pages 87-93, January.
    10. Capozza, Dennis R. & Helsley, Robert W., 1990. "The stochastic city," Journal of Urban Economics, Elsevier, vol. 28(2), pages 187-203, September.
    11. Vickrey, William S, 1969. "Congestion Theory and Transport Investment," American Economic Review, American Economic Association, vol. 59(2), pages 251-260, May.
    12. Bar-Ilan, Avner & Strange, William C, 1996. "Investment Lags," American Economic Review, American Economic Association, vol. 86(3), pages 610-622, June.
    13. Sheshinski, Eytan, 1973. "Congestion and the Optimum City Size," American Economic Review, American Economic Association, vol. 63(2), pages 61-66, May.
    14. Dahl, Christian M. & Gonzalez-Rivera, Gloria, 2003. "Testing for neglected nonlinearity in regression models based on the theory of random fields," Journal of Econometrics, Elsevier, vol. 114(1), pages 141-164, May.
    15. Mills, Edwin S & Ferranti, David M, 1971. "Market Choices and Optimum City Size," American Economic Review, American Economic Association, vol. 61(2), pages 340-345, May.
    16. Herbert Mohring, 1961. "Land Values and the Measurement of Highway Benefits," Journal of Political Economy, University of Chicago Press, vol. 69, pages 236-236.
    17. Arnott, Richard J., 1979. "Unpriced transport congestion," Journal of Economic Theory, Elsevier, vol. 21(2), pages 294-316, October.
    18. Legey, L. & Ripper, M. & Varaiya, P., 1973. "Effects of congestion on the shape of a city," Journal of Economic Theory, Elsevier, vol. 6(2), pages 162-179, April.
    19. Hartwick, John M., 1980. "Efficient land use in an equilibrium residential annulus," Journal of Urban Economics, Elsevier, vol. 7(3), pages 348-357, May.
    20. Henderson, J. Vernon & Ioannides, Yannis M., 1981. "Aspects of growth in a system of cities," Journal of Urban Economics, Elsevier, vol. 10(1), pages 117-139, July.
    21. Mumy, Gene E., 1980. "Optimum, equilibrium, and public investment in an urban land use model," Journal of Urban Economics, Elsevier, vol. 7(2), pages 186-197, March.
    22. Livesey, D. A., 1973. "Optimum city size: A minimum congestion cost approach," Journal of Economic Theory, Elsevier, vol. 6(2), pages 144-161, April.
    23. Bar-Ilan, Avner & Strange, William C., 1996. "Urban Development with Lags," Journal of Urban Economics, Elsevier, vol. 39(1), pages 87-113, January.
    24. Martin L. Weitzman, 1988. "Consumer's Surplus as an Exact Approximation When Prices Are Appropriately Deflated," The Quarterly Journal of Economics, Oxford University Press, vol. 103(3), pages 543-553.
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    26. Nawalkha, Sanjay K. & Soto, Gloria M. & Zhang, Jun, 2003. "Generalized M-vector models for hedging interest rate risk," Journal of Banking & Finance, Elsevier, vol. 27(8), pages 1581-1604, August.
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    Cited by:

    1. Li, Zhi-Chun & Guo, Qian-Wen & Lam, William H.K. & Wong, S.C., 2015. "Transit technology investment and selection under urban population volatility: A real option perspective," Transportation Research Part B: Methodological, Elsevier, vol. 78(C), pages 318-340.
    2. Gabriel J Power & Charli D. Tandja M. & Josée Bastien & Philippe Grégoire, 2015. "Measuring infrastructure investment option value," Journal of Risk Finance, Emerald Group Publishing, vol. 16(1), pages 49-72, January.
    3. Lindsey, Robin & de Palma, André, 2014. "Cost recovery from congestion tolls with long-run uncertainty," Economics of Transportation, Elsevier, vol. 3(2), pages 119-132.
    4. Chow, Joseph Y.J. & Regan, Amelia C. & Ranaiefar, Fatemeh & Arkhipov, Dmitri I., 2011. "A network option portfolio management framework for adaptive transportation planning," Transportation Research Part A: Policy and Practice, Elsevier, vol. 45(8), pages 765-778, October.
    5. Chow, Joseph Y.J. & Regan, Amelia C., 2011. "Network-based real option models," Transportation Research Part B: Methodological, Elsevier, vol. 45(4), pages 682-695, May.
    6. Krüger, Niclas, 2012. "The impact of stochastic properties of traffic demand on real option value in road projects," Working papers in Transport Economics 2012:17, CTS - Centre for Transport Studies Stockholm (KTH and VTI).

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