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Irreversible Investment, Real Options, and Competition: Evidence from Real Estate Development
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Irreversible Investment, Real Options, and Competition: Evidence from Real Estate Development (2006)Irreversible Investment, Real Options, an…Strategic Growth Options (1998)Strategic Growth OptionsThe Stochastic Behavior of Commodity Prices: Implications for Valuation and Hedging (1997)The Stochastic Behavior of Co…The Strategic Exercise of Options: Development Cascades and Overbuilding in Real Estate Markets (1996)The Strategic Exercise of Opt…The Effect of Uncertainty on Investment: Some Stylized Facts (1995)The Effect of Uncertainty on …Investment under Uncertainty (1994)Investment under UncertaintyA Closed-Form Solution for Options with Stochastic Volatility with Applications to Bond and Currency Options (1993)A Closed-Form Solution for Op…On the Sign of the Investment-Uncertainty Relationship (1991)On the Sign of the Investment…Entry and Exit Decisions under Uncertainty (1989)Entry and Exit Decisions unde…The Efficiency of the Market for Single-Family Homes (1988)The Efficiency of the Market …Option Valuation of Claims on Real Assets: The Case of Offshore Petroleum Leases (1988)Option Valuation of Claims on…Time to build, option value, and investment decisions (1987)Time to build, option value, …Patents as Options: Some Estimates of the Value of Holding European Patent Stocks (1986)Patents as Options: Some Esti…Irreversible Investment, Capacity Choice and the Value of the Firm (1986)Irreversible Investment, Capa…Urban Land Prices Under Uncertainty (1985)Urban Land Prices Under Uncer…Optimal Investment under Uncertainty. (1983)Optimal Investment under Unce…The Pricing of Options and Corporate Liabilities (1973)The Pricing of Options and Co…Rational herding in financial economics (1996)Is There a Bubble in the Housing Market? (2003)Distance and Private Information in Lending (2010)Short- Term Interest Rates as Predictors of Inflation (2021)Theory of Rational Option Pricing (1973)A Theory of the Term Structure of Interest Rates (1985)Empirical Performance of Alternative Option Pricing Models (1997)Transform Analysis and Asset Pricing for Affine Jump-diffusions (2000)The Cross‐Section of Volatility and Expected Returns (2006)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Theory of rational option pricing (2005)Investment in Human Capital: A Theoretical Analysis (1962)Evaluating Natural Resource Investments (1985)Irreversibility, Uncertainty, and Investment (1990)Operating Flexibility, Global Manufacturing, and the Option Value of a Multinational Network (1994)The Asset-Pricing Implications of Government Economic Policy Uncertainty (2015)An equilibrium characterization of the term structure (1977)Investment Under Uncertainty. (1994)Electricity Prices and Power Derivatives: Evidence from the Nordic Power Exchange (2002)What do we learn from the price of crude oil futures? (2010)The Fundamentals of Commodity Futures Returns (2012)A General Equilibrium Approach To Monetary Theory (1969)Optimum consumption and portfolio rules in a continuous-time model (1971)Tobin's Marginal q and Average q: A Neoclassical Interpretation (1982)A Unified Model of Investment Under Uncertainty (1993)Equilibrium Cross Section of Returns (2003)The Value Premium (2005)Time to Build and Aggregate Fluctuations (1982)Strategy through the Option Lens: An Integrated View of Resource Investments and the Incremental-Choice Process (1993)Investment and Demand Uncertainty (1999)Economic policy uncertainty and firm-level investment (2013)The Asset Redeployability Channel: How Uncertainty Affects Corporate Investment (2016)Investment and Hysteresis (1992)Real Options and Interactions with Financial Flexibility (1993)Capital markets research in accounting (2001)Policy Uncertainty and Corporate Investment (2015)
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References

  • 1973The Pricing of Options and Corporate Liabilities29,064 cited
  • 1994Investment under Uncertainty9,016 cited
  • 1993A Closed-Form Solution for Options with Stochastic Volatility with Applications to Bond and Currency Options8,768 cited
  • 1989Entry and Exit Decisions under Uncertainty2,356 cited
  • 1997The Stochastic Behavior of Commodity Prices: Implications for Valuation and Hedging2,116 cited
  • 1988The Efficiency of the Market for Single-Family Homes1,828 cited
  • 1986Irreversible Investment, Capacity Choice and the Value of the Firm1,296 cited
  • 1983Optimal Investment under Uncertainty.1,230 cited
  • 1987Time to build, option value, and investment decisions912 cited
  • 1995The Effect of Uncertainty on Investment: Some Stylized Facts832 cited
  • 1986Patents as Options: Some Estimates of the Value of Holding European Patent Stocks819 cited
  • 1988Option Valuation of Claims on Real Assets: The Case of Offshore Petroleum Leases814 cited
  • 1998Strategic Growth Options650 cited
  • 1985Urban Land Prices Under Uncertainty640 cited
  • 1991On the Sign of the Investment-Uncertainty Relationship636 cited

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1996
The Strategic Exercise of Options: Development Cascades and Overbuilding in Real Estate Markets
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