Table of contents
The pricing of real options in discrete time models: Another story of the value of waiting to invest
Yuichiro Kawaguchi, Kazuhiro TsubokawaThis paper proposes a discrete time real options model with time‐dependent and serial correlated return process for a real estate development problem with waiting options. Based…
Optimal timing of a real estate development under uncertainty
Tien Foo SingThis paper recasts the land development problems of Williams (1991) and Quigg (1993) by explicitly dealing with the effects of scale elasticity of unit rental and unit…
Empirical testing of real option pricing models using Land Price Index in Japan
Ritsuko YamazakiThe purpose of this research is to examine the way uncertainty plays a role in built land prices. This paper provides basic real option pricing models of land prices on the demand…
Real options in real estate development
Dominik I. LuciusThe interpretation and valuation of real options by means of options pricing theory can be regarded as a relatively new paradigm of investment theory. Option pricing theory based…
Serviced apartments in the UK – a growth sector?
Sue FoxleyUp until relatively recently there have been few alternatives to hotels for business or leisure travellers seeking longer‐term accommodation in the UK. While serviced apartments…
ISSN:
1463-578Xe-ISSN:
1470-2002ISSN-L:
1463-578XRenamed from:
Journal of Property Valuation and InvestmentOnline date, start – end:
1999Copyright Holder:
Emerald Publishing LimitedOpen Access:
hybridEditor:
- Nick French