Cortelezzi, Flavia; Giannoccolo, Pierpaolo - Dipartimento di Statistica, Università degli Studi di … - 2006
Aim of this paper is to analyse the equilibrium strategies of two developers in the real estate market, when demands are asymmetric. In particular, we are able to consider three key features of the real estate market. First, the cost of redevelop a building is, at least partially, irreversible....