caa a22 4500 475838602 CHVBK 20180406123855.0 cr unu---uuuuu 170329e20000301xx s 000 0 eng 10.1007/s001680050131 doi (NATIONALLICENCE)springer-10.1007/s001680050131 Batabyal Amitrajeet A. Department of Economics, Utah State University, 3530 Old Main Hill, Logan, UT 84322-3530, USA (e-mail: batabyal@b202.usu.edu), US aut An optimal stopping approach to land development under uncertainty [Elektronische Daten] [Amitrajeet A. Batabyal] Abstract.: The Arrow-Fisher-Henry (AFH) analysis of land development under uncertainty has been conducted in a two period model. Recently, Capozza and Helsley (1990) and Batabyal (1996, 1997) have addressed the question of land development under uncertainty in a multi-period setting. We extend aspects of this literature by analyzing the multi-period land development question in an optimal stopping framework. In particular, we characterize the optimal decision rule governing the development of land, given that the objective of a landowner is to maximize the total revenue from development. Springer-Verlag Berlin Heidelberg, 2000 https://doi.org/10.1007/s001680050131 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s001680050131 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Batabyal Amitrajeet A. Department of Economics, Utah State University, 3530 Old Main Hill, Logan, UT 84322-3530, USA (e-mail: batabyal@b202.usu.edu), US aut Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer