๐”– Bobbio Scriptorium
โœฆ   LIBER   โœฆ

Uncertain parameter values and the choice among policy options

โœ Scribed by Don Fullerton; Andrew B. Lyon


Book ID
118371374
Publisher
Elsevier Science
Year
1986
Tongue
English
Weight
513 KB
Volume
30
Category
Article
ISSN
0047-2727

No coin nor oath required. For personal study only.


๐Ÿ“œ SIMILAR VOLUMES


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