The Pricing of Land Options-Reference-Cited by-同舟云学术

The Pricing of Land Options

Published:1984-08 Issue:3 Volume:21 Page:317-323
ISSN:0042-0980
Container-title:Urban Studies
language:en
Short-container-title:Urban Studies

Author:

Brown Robert L.¹,Achour Dominique²

Affiliation:

1. Faculty of Economics and Politics, Monash University, Melbourne, Australia

2. Faculté des Sciences de l'Administration, Université Laval, Québec. Canada

Abstract

Valuation principles which have been found useful in the study of stock options are applied to the pricing of options to purchase real property ('land options'). There is a close similarity between fixed land options and call options on common stock. This similarity is used to saggest ways in which fixed land options might be valued. More complex land options (step-up, full credit and renewable) are also analyzed.

Publisher

SAGE Publications

Subject

Urban Studies,Environmental Science (miscellaneous)

Link

http://journals.sagepub.com/doi/pdf/10.1080/00420988420080571

Reference14 articles.

1. The Pricing of Options and Corporate Liabilities

2. Significant Contributions to Finance Literature

3. Characterization of options

4. The Valuation of Corporate Liabilities as Compound Options

5. The valuation of compound options

Cited by 9 articles. 订阅此论文施引文献订阅此论文施引文献，注册后可以免费订阅5篇论文的施引文献，订阅后可以查看论文全部施引文献

1. Disentangling Land Financialisation: Insights from Santiago de Chile's Land Lease‐Purchase Contracts;Tijdschrift voor Economische en Sociale Geografie;2023-07-31

2. Carbon dioxide removal and tradeable put options at scale;Environmental Research Letters;2018-05-01

3. Hedging Office Rental Decision;SSRN Electronic Journal;2009

4. Real option premium in Hong Kong land prices;Journal of Property Investment & Finance;2006-05-01

5. Lease Terms, Option Pricing and the Financial Characteristics of Property;British Actuarial Journal;2003-08-01