Construct · 1 fields · 1 citations

option value of undeveloped land: a standalone construct

One name. One construct. A landmark on the map.

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option value ofundeveloped land1 CONSTRUCTOption value ofQUIGG · URBAN ECONOMICS

A single standalone construct; nearby constructs are located against it in the Collider. Tap a field for its definition, unit, and measures.

Urban economics

the part of vacant land value that comes from the right to wait and choose the timing and scale of development under price uncertainty.

In urban economics, option value of undeveloped land refers to the part of vacant land value that comes from the right to wait and choose the timing and scale of development under price uncertainty. This meaning comes from Quigg (1993) in The Journal of Finance.[1]

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Nearby constructs

development1 fields · 2 citationsanchor · a standalone constructoption value1 fields · 1 citationsanchor · a standalone constructoption4 fields · 9 citationsjingle · one word, four constructs

References

  1. Quigg, L. (1993). Empirical Testing of Real Option‐Pricing Models. The Journal of Finance, 48(2), 621-640. https://doi.org/10.1111/j.1540-6261.1993.tb04730.x

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