Endogenizing the Reservation Value in Models of Land Development Over Time and Under Uncertainty
نویسندگان
چکیده
We thank Yoshiro Higano and two anonymous referees for their comments on a previous version of this paper. In addition, Batabyal acknowledges financial support from the Gosnell endowment at RIT. The usual disclaimer applies. 2 Department of Economics, Rochester Institute of Technology, 92 Lomb Memorial Drive, Rochester, NY 14623-5604, USA. Internet: [email protected] 3 Department of Economics, Utah State University, 3530 Old Main Hill, Logan, UT 84322-3530, USA. Internet [email protected]
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