Land Investment, Planning Permission, and Uncertainty
A State-Preference Analysis
Bibliographic Data
| ID | 4138844 |
|---|---|
| Authors | D G Wiltshaw (Department of Town and Country Planning, Trent Polytechnic, Nottingham, NG1 4BU, England, corresponding author) |
| Year | 1986 |
| Volume | 18 |
| Issue | 2 |
| Pages | 207-215 |
| Publication date | 1986-02-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Environment and Planning A Economy and Space (JOURNAL) |
| Journal identifiers | ISSN: 0308-518X • E-ISSN: 1472-3409 |
| Publisher | SAGE Publications Inc (PUBLISHER) |
| DOI | 10.1068/a180207 |
| OpenAlex | W1996419331 |
| Language | EN |
| Citations received | 1 |
| References cited | 2 |
The statutory planning system renders land a state-contingent resource; in addition, investment in land is likely to take place within a portfolio context. With this background, land investment is analysed specifically as a function of portfolio size, the riskless rate of return, the degree of risk aversity, the probability of planning permission, and the rates of development gain, nondevelopment loss, planning gain, and cost
Actuarial science · Business · Economics · Geography · Land use · Land-use planning · Microeconomics · Modern portfolio theory · Permission · Portfolio · Preference · Rate of return · Statutory law · Computer Science · Economic and Environmental Valuation · Engineering · Housing Market and Economics · Finance
| Citations per year | 0.03 |
|---|---|
| Citation span | 1987 - 1987 (1) |
| Highly cited | No |