IDEAS home Printed from https://ideas.repec.org/a/sae/envira/v18y1986i2p207-215.html
   My bibliography  Save this article

Land Investment, Planning Permission, and Uncertainty: A State-Preference Analysis

Author

Listed:
  • D G Wiltshaw

    (Department of Town and Country Planning, Trent Polytechnic, Nottingham, NG1 4BU, England)

Abstract

The statutory planning system renders land a state-contingent resource; in addition, investment in land is likely to take place within a portfolio context. With this background, land investment is analysed specifically as a function of portfolio size, the riskless rate of return, the degree of risk aversity, the probability of planning permission, and the rates of development gain, nondevelopment loss, planning gain, and cost.

Suggested Citation

  • D G Wiltshaw, 1986. "Land Investment, Planning Permission, and Uncertainty: A State-Preference Analysis," Environment and Planning A, , vol. 18(2), pages 207-215, February.
    • Handle: RePEc:sae:envira:v:18:y:1986:i:2:p:207-215
    DOI: 10.1068/a180207
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1068/a180207
    Download Restriction: no
    File URL: https://libkey.io/10.1068/a180207?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Sotiris Tsolacos, 1997. "A case study of industrial property development in South Hampshire," Journal of Property Research, Taylor & Francis Journals, vol. 14(3), pages 211-236, January.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:envira:v:18:y:1986:i:2:p:207-215. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.