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value in the context of a model of land development over time and under uncertainty. Our analysis shows that the optimal …
Persistent link: https://www.econbiz.de/10013212514
value in the context of a model of land development over time and under uncertainty. Our analysis shows that the optimal …
Persistent link: https://www.econbiz.de/10014068670
The Arrow-Fisher-Henry (AFH) analysis of land development under uncertainty has been conducted in a two period model … land development under uncertainty in a multi-period setting. We extend aspects of this literature by examining the role … that bid values play in the decision to develop land over time and under uncertainty. We first delineate a simple decision …
Persistent link: https://www.econbiz.de/10014080398
Recently, Batabyal and Yoo (2003) have studied aspects of indivisible and divisible land development in a dynamic and stochastic framework. In this note, we complement the analysis in this paper by examining an aspect of the indivisible land development decision when a landowner has an...
Persistent link: https://www.econbiz.de/10014029734
The Arrow-Fisher-Henry (AFH) analysis of land development under uncertainty has been conducted in a 2 period setting … land development under uncertainty in a many time periods setting. We generalize parts of this literature by studying the …
Persistent link: https://www.econbiz.de/10014029041
value in the context of a model of land development over time and under uncertainty. Our analysis shows that the optimal …
Persistent link: https://www.econbiz.de/10014065400
standard model is advanced by including irreversibility and uncertainty and taking into account transaction costs of …
Persistent link: https://www.econbiz.de/10010299491
standard model is advanced by including irreversibility and uncertainty and taking into account transaction costs of …
Persistent link: https://www.econbiz.de/10010299956
In this paper a real option model is developed to examine the critical factors affecting the decision to lease agricultural land to a company installing a PV power plant. The leasing payment is certain while the net revenues from agriculture are uncertain. We identify the profit values at which...
Persistent link: https://www.econbiz.de/10010279485
under uncertainty about the value of environmental services and irreversible development. We study land conversion under … adequate participation in a conservation plan. We analytically determine the impact of uncertainty and optimal policy … conversion dynamics and discuss different policy scenarios on the basis of the relative long-run expected rate of deforestation …
Persistent link: https://www.econbiz.de/10008780408