Irreversible Investment, Real Options, and Competition: Evidence from Real Estate Development
收藏NBER2006-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w12486
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资源简介：
We examine the extent to which uncertainty delays investment and the effect of competition on this relationship using a sample of 1,214 condominium developments in Vancouver, Canada built from 1979-1998. We find that increases in both idiosyncratic and systematic risk lead developers to delay new
提供机构：
美国国家经济研究局
创建时间：
2006-08-01
