Do tighter restrictions on density retard development?

Jyh Bang Jou, Tan Lee

研究成果: 雜誌貢獻期刊論文同行評審

12 引文 斯高帕斯(Scopus)

摘要

Williams (1991) builds a real-options model to investigate the timing and the scale decisions of property development. Williams asserts that tighter restrictions on density retard development. This article finds that there are some typos in Williams's article such that his assertion does not hold in general. In particular, his assertion will not hold as long as the density restrictions are not set too low relative to the density level that would be chosen by landowners in the absence of any regulation.

原文???core.languages.en_GB???
頁(從 - 到)225-232
頁數8
期刊Journal of Real Estate Finance and Economics
34
發行號2
DOIs
出版狀態已出版 - 2月 2007

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