Thijssen, Jacco J.J.; Huisman, Kuno J.M.; Kort, Peter M. - In: Journal of Mathematical Economics 48 (2012) 4, pp. 219-225
This paper considers the problem of investment timing under uncertainty in a duopoly framework. When both firms want to be the first investor a coordination problem arises. Here, a method is proposed to deal with this coordination problem, involving the use of symmetric mixed strategies.
