The option to change the use of a property when future property values and construction costs are uncertain

Managerial and Decision Economics

Volumn 22, Issue 7, 2001, Pages 345-354

  Gunnelin, Åke ^a  

^a ROYAL INSTITUTE OF TECHNOLOGY   (Sweden)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 85006776616     PISSN: 01436570     EISSN: 10991468     Source Type: Journal    
DOI: 10.1002/mde.1024     Document Type: Article

References (5)

1. Bar-Ilan A, Strange WC. 1996. Investment lags. American Economic Review 86(3): 611–622.
2. Capozza DR, Li Y. 1994. The intensity and timing of investment: the case of land. American Economic Review 84(4): 889–904.
3. Childs PD, Riddiough TJ, Triantis AJ. 1996. Mixed uses and the redevelopment option. Real Estate Economics 24(3): 317–339.
4. Grenadier SR. 1996. The strategic exercise of options: development cascades and overbuilding in real estate markets. Journal of Finance 51(5): 1653–1679.
5. McDonald R, Siegel D. 1986. The value of waiting to invest. Quarterly Journal of Economics 101(4): 707–727.