Mintah, Kwabena; Higgins, David; Callanan, Judith; … - In: International Journal of Housing Markets and Analysis 11 (2018) 1, pp. 101-116
Purpose: Real option valuation is capable of accounting for uncertainties in residential development projects but still lacks practical adoption due to limited evidence to support application of the theory in practice. The purpose of this paper is to use option valuation to value staging option...