000 00867pab a2200169 454500
008 180718b1996 xxu||||| |||| 00| 0 eng d
100 _aBar-Ilan, Avner
245 _aUrban development with lags
260 _c1996
300 _ap.87-113
362 _aJan
520 _a"This paper specifies a model of urban development under uncertainty when there is a lag between the decision to begin a project and its completion. These lags have three important effects. First, the deterrent effect of uncertainty on development is smaller with lags than without them. Second, in some cases, development occurs later under uncertainty than with certainty. Third, lags may lead to leapfrog development, when distant land is developed prior to nearby land"
650 _aUrbanization
650 _aUrban development
773 _aJournal of Urban Economics
909 _a31057
999 _c31057
_d31057