• Graduate program
    • Why Tinbergen Institute?
    • Program Structure
    • Courses
    • Course Registration
    • Facilities
    • Admissions
    • Recent PhD Placements
  • Research
  • News
  • Events
    • Summer School
      • Summer School
      • Behavioral Macro and Complexity
      • Climate Change
      • Econometrics and Data Science Methods for Business, Economics and Finance
      • Networks in Micro- and Macroeconomics
      • Business Data Science Summer School Program
    • Events Calendar
    • Events Archive
    • Tinbergen Institute Lectures
    • Conference: Consumer Search and Markets
    • Annual Tinbergen Institute Conference
  • Summer School
  • Alumni
  • Times

18-033/III - The option value of vacant land and the optimal timing of city extensions


  • Authors
    Rutger-Jan Lange, Erasmus University Rotterdam; Coen Teulings, University of Cambridge
  • Publication date
    March 30, 2018
  • Keywords
    real options, mean-reverting growth, real estate construction
  • JEL
    D81, E22, R11, R30