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A stochastic analysis of land development timing and property valuation

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  • Clarke, Harry R.
  • Reed, William J.

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Suggested Citation

  • 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.
    • Handle: RePEc:eee:regeco:v:18:y:1988:i:3:p:357-381
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    Cited by:

    1. Chu, Yongqiang & Sing, Tien Foo, 2021. "Intensity and Timing Options in Real Estate Developments," International Real Estate Review, Global Social Science Institute, vol. 24(1), pages 1-17.
    2. Tan Lee & Jyh-Bang Jou, 2010. "Urban Spatial Development: a Real Options Approach," The Journal of Real Estate Finance and Economics, Springer, vol. 40(2), pages 161-187, February.
    3. David Dale-Johnson & W. Jan Brzeski, 2000. "Long-term Public Leaseholds in Poland: Implications of Contractual Incentives," Working Paper 8646, USC Lusk Center for Real Estate.
    4. Weiß, Dominik, 2009. "Keeping the Bubble Alive! The Effects of Urban Renewal and Demolition Subsidies in the East German Housing Market," IWH Discussion Papers 11/2009, Halle Institute for Economic Research (IWH).
    5. Xiaoxuan Sun & Diana Mok & Jinfei Wang, 2023. "Are riskier cities more compact? An empirical study of the 11 largest census metropolitan areas in Canada, 2016," Papers in Regional Science, Wiley Blackwell, vol. 102(1), pages 167-186, February.
    6. Andrejs Skaburskis & Mohammad Qadeer, 1992. "An Empirical Estimation of the Price Effects of Development Impact Fees," Urban Studies, Urban Studies Journal Limited, vol. 29(5), pages 653-667, June.
    7. Davis, Graham A. & Cairns, Robert D., 2012. "Good timing: The economics of optimal stopping," Journal of Economic Dynamics and Control, Elsevier, vol. 36(2), pages 255-265.
    8. Brent Ambrose, 2005. "Forced Development and Urban Land Prices," The Journal of Real Estate Finance and Economics, Springer, vol. 30(3), pages 245-265, April.
    9. Paul F Hanley & Lewis D Hopkins, 2007. "Do Sewer Extension Plans affect Urban Development? A Multiagent Simulation," Environment and Planning B, , vol. 34(1), pages 6-27, February.
    10. Turnbull, Geoffrey K., 2004. "Urban growth controls: transitional dynamics of development fees and growth boundaries," Journal of Urban Economics, Elsevier, vol. 55(2), pages 215-237, March.
    11. Lim, Terence & Lo, Andrew W. & Merton, Robert C. & Scholes, Myron S., 2006. "The Derivatives Sourcebook," Foundations and Trends(R) in Finance, now publishers, vol. 1(5–6), pages 365-572, April.
    12. Abildtrup, Jens & Strange, Niels, 2000. "The option value of non-contaminated forest watersheds," Forest Policy and Economics, Elsevier, vol. 1(2), pages 115-125, August.
    13. Miceli, Thomas J. & Sirmans, C. F. & Turnbull, Geoffrey K., 2000. "The Dynamic Effects of Land Title Systems," Journal of Urban Economics, Elsevier, vol. 47(3), pages 370-389, May.
    14. Panagiotis Petris, 2023. "A Real Option Analysis of the “Flats for Land” System - an Idiosyncratic Equity Financing Mechanism on Real Estate Investments," International Real Estate Review, Global Social Science Institute, vol. 26(4), pages 551-568.
    15. Seung Dong You, 2014. "The Leveraged City," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 42(4), pages 1042-1066, December.
    16. Turnbull, Geoffrey K., 2004. "Development moratoria," Journal of Housing Economics, Elsevier, vol. 13(3), pages 155-169, September.
    17. Priscilla Yung Medeiros, 2003. "Applications of Real Options in the Real Estate Market Focusing the City of Rio de Janeiro," Brazilian Review of Finance, Brazilian Society of Finance, vol. 1(1), pages 45-87.
    18. K.C. Wong & George Norman, 1994. "The Optimal Time of Renovating a Mall," Journal of Real Estate Research, American Real Estate Society, vol. 9(1), pages 33-48.
    19. David Dale-Johnson, 1999. "Long Term Ground Leases, the Redevelopment Option and Contract Incentives," Working Paper 8653, USC Lusk Center for Real Estate.
    20. Harry R. Clarke & William J. Reed, 1990. "Applications of Optimal Stopping in Resource Economics," The Economic Record, The Economic Society of Australia, vol. 66(3), pages 254-265, September.
    21. repec:ire:issued:v:26:n:04:2023:p:548-564 is not listed on IDEAS
    22. Gang‐Zhi Fan & Ming Pu & Tien Foo Sing & Xiaoyu Zhang, 2022. "Risk aversion and urban land development options," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 50(3), pages 767-788, September.
    23. 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.

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