Huisman, Kuno; Kort, Peter; Bouis, R. - Tilburg University, Center for Economic Research - 2006
In the strategic investment under uncertainty literature the trade off between the value of waiting known from single … effect in terms of investment thresholds is detected in the sense that an exogenous demand shock results in a change of the … wedge between the investment thresholds of the first and second investors that is qualitatively different from the change of …