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The value of the option to preserve farm real estate

  • Jeffrey Stokes


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Article provided by Springer in its journal Journal of Economics and Finance.

Volume (Year): 36 (2012)
Issue (Month): 1 (January)
Pages: 162-175

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Handle: RePEc:spr:jecfin:v:36:y:2012:i:1:p:162-175
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  1. Capozza, Dennis & Li, Yuming, 1994. "The Intensity and Timing of Investment: The Case of Land," American Economic Review, American Economic Association, vol. 84(4), pages 889-904, September.
  2. Laarni Bulan & Christopher J. Mayer & C. Tsuriel Somerville, 2006. "Irreversible Investment, Real Options, and Competition: Evidence from Real Estate Development," NBER Working Papers 12486, National Bureau of Economic Research, Inc.
  3. 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.
  4. Eduardo S. Schwartz & Walter N. Torous, 2007. "Commercial Office Space: Testing the Implications of Real Options Models with Competitive Interactions," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 35(1), pages 1-20, 03.
  5. Dennis R. Capozza & Yuming Li, 2001. "Residential Investment and Interest Rates: An Empirical Test of Land Development as a Real Option," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 29(3), pages 503-519.
  6. Henry J. Munneke & Joseph W. Trefzger, 1998. "Nonlinear Effects in Easement Valuation," Journal of Real Estate Research, American Real Estate Society, vol. 16(2), pages 219-228.
  7. Schatzki, Todd, 2003. "Options, uncertainty and sunk costs:: an empirical analysis of land use change," Journal of Environmental Economics and Management, Elsevier, vol. 46(1), pages 86-105, July.
  8. Capozza, Dennis R. & Li, Yuming, 2002. "Optimal Land Development Decisions," Journal of Urban Economics, Elsevier, vol. 51(1), pages 123-142, January.
  9. Nancy Bockstael, 2008. "An Empirical Examination of the Timing of Land Conversions in the Presence of Farmland Preservation Programs," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 90(3), pages 613-626.
  10. A. Steven Holland & Steven H. Ott & Timothy J. Riddiough, 2000. "The Role of Uncertainty in Investment: An Examination of Competing Investment Models Using Commercial Real Estate Data," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 28(1), pages 33-64.
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