Irreversible investment under predictable growth: why land stays vacant when housing demand is booming

DOI10.1016/j.jet.2023.105776MaRDI QIDQ6139990

Coen N. Teulings, Rutger-Jan Lange

Publication date: 19 January 2024

Published in: Journal of Economic Theory (Search for Journal in Brave)

zbMATH Keywords

optimal stoppingreal optionsurban growthirreversible investmentreal estate

Mathematics Subject Classification ID

Stopping times; optimal stopping problems; gambling theory (60G40) Corporate finance (dividends, real options, etc.) (91G50)

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