• 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

21-022/IV - The option value of vacant land: Don't build when demand for housing is booming


  • Authors
    Rutger-Jan Lange, Erasmus School of Economics; Coen N. Teulings, Utrecht University
  • Publication date
    February 24, 2021
  • Keywords
    irreversible investment, mean-reverting growth, real-estate construction, real options, urban growth
  • JEL
    D81, G12, R14, R31, R51