๐”– Bobbio Scriptorium
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Construction Costs and Real Property Values

โœ Scribed by Frank R. Garfield and William M. Hoad


Book ID
125174405
Publisher
American Statistical Association
Year
1937
Tongue
English
Weight
898 KB
Volume
32
Category
Article
ISSN
0162-1459

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The option to change the use of a proper
โœ ร…ke Gunnelin ๐Ÿ“‚ Article ๐Ÿ“… 2001 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 162 KB

## Abstract This paper models the decision to change the use of a property when its value in the current use and the new use, as well as construction costs, are uncertain. In the case of development of vacant land, when cash flows and construction costs are lognormally distributed, the development