21-022/IV - The option value of vacant land: Don't build when demand for housing is booming
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AuthorsRutger-Jan Lange, Erasmus School of Economics; Coen N. Teulings, Utrecht University
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Publication dateFebruary 24, 2021
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Keywordsirreversible investment, mean-reverting growth, real-estate construction, real options, urban growth
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JELD81, G12, R14, R31, R51