Abstract
Where land is already developed by having a building on it, fixed capital is embodied in the land. Such capital has no cost in the short period; as a result, redevelopment to a new use, which requires expenditure of further capital, usually occurs only after a considerable period of time.
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© 1996 Jack Harvey
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Harvey, J. (1996). The Timing and Rate of Redevelopment. In: Urban Land Economics. Palgrave, London. https://doi.org/10.1007/978-1-349-24441-6_7
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DOI: https://doi.org/10.1007/978-1-349-24441-6_7
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-65439-2
Online ISBN: 978-1-349-24441-6
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