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Please use this identifier to cite or link to this item: http://ntur.lib.ntu.edu.tw/handle/246246/63942

Title: Do Tighter Restrictions on Density Retard Development?
Authors: Jyh-Bang Jou;Tan Lee
Contributors: 國家發展研究所
Keywords: Development density, Real options
Date: 2007-02
Issue Date: 2007-12-12T01:46:04Z
Abstract: 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.
Relation: Journal of Real Estate Finance and Economics 34(2), 225-232
Appears in Collections:[國家發展研究所] 期刊論文

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