Understanding land idling as a strategic behaviour: a brief note using the real options approach
One possible explanation for land idling in a rapidly transforming economy can be found by looking at the value of the option to wait and hysteresis behaviour in the land market. If investors assume that the drop is temporary and that its long term prospects outweigh current holding losses, the mark...
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| Format: | Article |
| Language: | English English |
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Malaysian Institute of Planners
2016
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| Online Access: | http://irep.iium.edu.my/53613/ http://irep.iium.edu.my/53613/ http://irep.iium.edu.my/53613/ http://irep.iium.edu.my/53613/1/180-356-1-SM.pdf http://irep.iium.edu.my/53613/7/53613_Understanding%20land%20idling_SCOPUS.pdf |