The Developer''s Decision Calculus: Regulatory Delays, Commercial Development, and the Urban Environment.

The article presents an agent-based model (ABM) of the commercial development process that incorporates the dynamic interaction of commercial developers and local cities. The model is based on a combination of economic theory and the local development process to form a representation of developer and city interactions. It will provide insight into the impact of regulatory delays on a developer's decision calculus, and the conditions under which accounting for time delay increases the development's profitability.