Irreversible investment under predictable growth: why land stays vacant when housing demand is booming

DOI10.1016/J.JET.2023.105776MaRDI QIDQ6139990zbMATH OpenFDO

Authors Rutger-Jan Lange, Coen N. Teulings

Publication date 19 January 2024

Published in Journal of Economic Theory (Search for Journal in Brave)

Copyright license Creative Commons Attribution 4.0 International

zbMATH Keywords

optimal stoppingreal optionsurban growthirreversible investmentreal estate

Mathematics Subject Classification ID

Corporate finance (dividends, real options, etc.) (91G50) Stopping times; optimal stopping problems; gambling theory (60G40)

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Cites work

• scientific article; zbMATH DE number 5016447 (Why is no real title available?)
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