Externalities of Urban Renewal: A Real Option Perspective
نویسندگان
چکیده
منابع مشابه
Riskiness of Real Estate Development: A Perspective from Urban Economics & Option Value Theory∗
Conventionally, investment in real estate development is viewed as being riskier than investment in stabilized property assets. In this paper we define a new construct for urban economic analysis which puts this conventional wisdom in a new light. We call the new construct, the Development Asset Value Index (DAVI). The DAVI is a value index for newly-developed properties (only) in a geographica...
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ژورنال
عنوان ژورنال: The Journal of Real Estate Finance and Economics
سال: 2013
ISSN: 0895-5638,1573-045X
DOI: 10.1007/s11146-013-9418-z