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dc.contributor.authorAmin, Kaushiken_US
dc.contributor.authorCapozza, Dennis R.en_US
dc.date.accessioned2006-04-10T15:36:19Z
dc.date.available2006-04-10T15:36:19Z
dc.date.issued1993-09en_US
dc.identifier.citationAmin Kaushik, , Capozza Dennis R., (1993/09)."Sequential Development." Journal of Urban Economics 34(2): 142-158. <http://hdl.handle.net/2027.42/30590>en_US
dc.identifier.urihttp://www.sciencedirect.com/science/article/B6WMG-45P67K7-C/2/12e834da44a1b53600f2a27ee007fa6den_US
dc.identifier.urihttps://hdl.handle.net/2027.42/30590
dc.description.abstractOne of the more interesting issues in economics is the conversion of land to alternative uses or densities. Decisions to convert land determine the pricing and spatial structure of urban areas. An analysis of the economic effect of urban policies like zoning or growth controls must include the impact on conversion decisions. Unfortunately a fully rational analysis that incorporates the stochastic nature of urban cash flows and the possibility of multiple future redevelopments is very complex. This paper analyzes the impact of multiple conversions under certainty on the value and density of urban land relative to models with only one conversion. We find that, even with only one additional conversion, land values are 10-15% higher. The density of the initial development is much lower (about half) and the density of the second is much higher (about twice) relative to the case with only one conversion. Hurdle rents also vary widely from the single-conversion case.en_US
dc.format.extent632108 bytes
dc.format.extent3118 bytes
dc.format.mimetypeapplication/pdf
dc.format.mimetypetext/plain
dc.language.isoen_US
dc.publisherElsevieren_US
dc.titleSequential Developmenten_US
dc.typeArticleen_US
dc.rights.robotsIndexNoFollowen_US
dc.subject.hlbsecondlevelUrban Planningen_US
dc.subject.hlbsecondlevelEconomicsen_US
dc.subject.hlbtoplevelSocial Sciencesen_US
dc.subject.hlbtoplevelBusinessen_US
dc.description.peerreviewedPeer Revieweden_US
dc.contributor.affiliationumUniversity of Michigan, Ann Arbor, Michigan 48109-1234en_US
dc.contributor.affiliationumUniversity of Michigan, Ann Arbor, Michigan 48109-1234en_US
dc.description.bitstreamurlhttp://deepblue.lib.umich.edu/bitstream/2027.42/30590/1/0000227.pdfen_US
dc.identifier.doihttp://dx.doi.org/10.1006/juec.1993.1031en_US
dc.identifier.sourceJournal of Urban Economicsen_US
dc.owningcollnameInterdisciplinary and Peer-Reviewed


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