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The Strategic Exercise of Options: Development Cascades and Overbuilding in Real Estate Markets
10 references·16 citing·33 second hop
The Strategic Exercise of Options: Development Cascades and Overbuilding in Real Estate Markets (1996)The Strategic Exercise of Options: Develo…Theory of rational option pricing (2005)Theory of rational option pri…Investment Under Uncertainty. (1994)Investment Under Uncertainty.Investment under Uncertainty (1994)Investment under UncertaintyBrownian Motion and Stochastic Flow Systems. (1987)Brownian Motion and Stochasti…Urban Land Prices Under Uncertainty (1985)Urban Land Prices Under Uncer…Preemption and Rent Equalization in the Adoption of New Technology (1985)Preemption and Rent Equalizat…The Value of Waiting to Invest (1982)The Value of Waiting to InvestTHE VALUE OF AN OPTION TO EXCHANGE ONE ASSET FOR ANOTHER (1978)THE VALUE OF AN OPTION TO EXC…The valuation of options for alternative stochastic processes (1976)The valuation of options for …Theory of Rational Option Pricing (1973)Theory of Rational Option Pri…Strategic capacity investment under uncertainty (2015)Strategic capacity investment…Product market competition and corporate investment: Evidence from China (2015)Product market competition an…Dynamic Investment, Capital Structure, and Debt Overhang (2014)Dynamic Investment, Capital S…Supply constraints and housing market dynamics (2013)Supply constraints and housin…Irreversible investment, real options, and competition: Evidence from real estate development (2008)Irreversible investment, real…Investment and Competition (2008)Investment and CompetitionInvestment, consumption, and hedging under incomplete markets (2007)Investment, consumption, and …Investment under uncertainty and time-inconsistent preferences☆ (2007)Investment under uncertainty …Real Options in an Asymmetric Duopoly: Who Benefits from Your Competitive Disadvantage? (2006)Real Options in an Asymmetric…Macroeconomics and housing: a review of the literature (2004)Macroeconomics and housing: a…Real options and preemption under incomplete information (2002)Real options and preemption u…The Impact of Debt Financing on Entry and Exit in a Duopoly (2001)The Impact of Debt Financing …Continuous‐Time Methods in Finance: A Review and an Assessment (2000)Continuous‐Time Methods in Fi…Real Estate “Cycles”: Some Fundamentals (1999)Real Estate “Cycles”: Some Fu…Information Revelation Through Option Exercise (1999)Information Revelation Throug…Challenges to the practical implementation of modeling and valuing real options (1998)Challenges to the practical i…EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)A Closed-Form Solution for Options with Stochastic Volatility with Applications to Bond and Currency Options (1993)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)The Pricing of Options and Corporate Liabilities (1973)ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)Option pricing: A simplified approach (1979)The Pricing of Options on Assets with Stochastic Volatilities (1987)Capital Theory and Investment Behavior (1963)Option pricing when underlying stock returns are discontinuous (1976)Irreversibility, Uncertainty, and Cyclical Investment (1980)Conditional Heteroskedasticity in Asset Returns: A New Approach (1991)Joint Ventures and the Option to Expand and Acquire (1991)Operating Flexibility, Global Manufacturing, and the Option Value of a Multinational Network (1994)Rational cooperation in the finitely repeated prisoners' dilemma (1982)Reputation and imperfect information (1982)The Folk Theorem in Repeated Games with Discounting or with Incomplete Information (1986)First-mover advantages (1988)Vertical Integration and Market Foreclosure (1990)A Real Options Logic for Initiating Technology Positioning Investments (1997)An Intertemporal Capital Asset Pricing Model (1973)Investment and the Valuation of Firms When There is an Option to Shut Down (1985)Changes of numéraire, changes of probability measure and option pricing (1995)Arbitrage Theory in Continuous Time (2004)The Stochastic Behavior of Commodity Prices: Implications for Valuation and Hedging (1997)The Value Premium (2005)Policy Uncertainty and Corporate Investment (2015)Time-changed Lévy processes and option pricing (2003)Selection, Growth, and the Size Distribution of Firms (2007)A Continuous-Time Version of the Principal–Agent Problem (2008)The stochastic city (1990)Real estate development as an option (1991)Land use regulation and new construction (2000)Capital markets research in accounting (2001)
this work references cited by second hop

References

  • 1994Investment Under Uncertainty.9,497 cited
  • 1994Investment under Uncertainty9,016 cited
  • 1973Theory of Rational Option Pricing8,060 cited
  • 2005Theory of rational option pricing7,161 cited
  • 1982The Value of Waiting to Invest3,606 cited
  • 1976The valuation of options for alternative stochastic processes2,935 cited
  • 1978THE VALUE OF AN OPTION TO EXCHANGE ONE ASSET FOR ANOTHER1,740 cited
  • 1987Brownian Motion and Stochastic Flow Systems.1,091 cited
  • 1985Preemption and Rent Equalization in the Adoption of New Technology908 cited
  • 1985Urban Land Prices Under Uncertainty640 cited

Cited by

  • 2004Macroeconomics and housing: a review of the literature338 cited
  • 1999Real Estate “Cycles”: Some Fundamentals335 cited
  • 1998Challenges to the practical implementation of modeling and valuing real options327 cited
  • 2002Real options and preemption under incomplete information315 cited
  • 2007Investment under uncertainty and time-inconsistent preferences☆219 cited
  • 2008Irreversible investment, real options, and competition: Evidence from real estate development

Only edges whose both ends are imported exist here. Widen the year window, or show the whole map. Back to the work

217 cited
  • 2000Continuous‐Time Methods in Finance: A Review and an Assessment199 cited
  • 2015Strategic capacity investment under uncertainty191 cited
  • 2007Investment, consumption, and hedging under incomplete markets177 cited
  • 2013Supply constraints and housing market dynamics174 cited
  • 2008Investment and Competition173 cited
  • 1999Information Revelation Through Option Exercise164 cited
  • 2015Product market competition and corporate investment: Evidence from China163 cited
  • 2006Real Options in an Asymmetric Duopoly: Who Benefits from Your Competitive Disadvantage?163 cited
  • 2014Dynamic Investment, Capital Structure, and Debt Overhang162 cited
  • 2001The Impact of Debt Financing on Entry and Exit in a Duopoly161 cited