Holland, A. Steven; Ott, Steven H.; Riddiough, Timothy J. - In: Real Estate Economics 28 (2000) 1, pp. 33-64
Neoclassical investment decision criteria suggest that only the systematic component of total risk affects the rate of investment, as channeled through the built-asset price. Alternatively, option-based investment models suggest a direct role for total uncertainty in investment decisionmaking....
