21-022/IV - Irreversible investment under predictable growth: Why land stays vacant when housing demand is booming

• Authors
  Rutger-Jan Lange, Erasmus School of Economics; Coen N. Teulings, Utrecht University
• Publication date
  February 24, 2021

• Keywords
  optimal stopping, real options, irreversible investment, real estate, urban growth
• JEL
  C41, C61, D81, R14, R31