's investment of endogenous size. Using a real option approach in continuous time, we show that profit sharing does not affect a … total investment. We also evaluate the reduction in the firm's value due to profit sharing, linking this reduction to the …

This paper examines the effect of competition on the irreversible investment decisions under uncertainty as a … investment opportunity which is completely irreversible and the product market reveals an inverted U-shape relationship between …

competition on the market for agricultural products when voluntary and mandatory measures are combined by the Government to induce …

licencees do not face the obligation to to develop the lease or to undertake the investment required to use the assigned … "use or lose" provisions upon the private time of investment. We find that these provisions may either increase or reduce … the probability of early investment, depending on the risk of losing the licence and the expectations about on …

firm's opportunistic behaviour on the optimal investment timing. In the presence of uncertainty on construction costs, we …

In the literature investigating the impact of uncertainty on short-run and long-run investment, most authors have used … general ones and has the advantage of providing closed form solutions for both short-run investment rule and long-run rate of …

plant size and the optimal investment threshold, in a context where exchange of energy among prosumers is possible. The … selling energy between prosumers, via the Smart Grid, increases investment values. This opportunity encourages prosumers to … optimal size and (optimal) investment timing. The effect of uncertainty is in line with the literature, showing increasing …