Kort, Peter; Pawlina, G. - Tilburg University, Center for Economic Research - 2001
.Kulatilaka and Perotti [1998, Management Science] nd that, in a two-period model, increased product market uncertainty could … increases with uncertainty.In contrast with the two-period model, despite the existence of the strategic option of becoming a … market leader due to a lower marginal cost, more uncertainty always increases the expected time to invest.Furthermore, it is …