Real Estate Development, Highest and Best Use and Real Options
The primary aim of this work is to connect the Real Options Theory (ROT) with the real estate investment framework. A great deal of theoretical work exist today; it begun with Merton (1973) and Black & Sholes (1973) and provided new insights into capital budgeting decision-making and new models...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Firenze University Press
2013-08-01
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| Series: | Aestimum |
| Online Access: | https://oaj.fupress.net/index.php/ceset/article/view/6634 |