Dewit, Gerda; Leahy, Dermot - School of Economics, University College Dublin - 2002
This paper examines how time to build alters strategic investment behaviour under oligopoly. Facing demand uncertainty …-to-build investment is contrasted with another one in which investment is quick in place. We show that a time lag between when and how … much to invest reduces the incentive to delay. When investment requires time to complete, early investment occurs more to …
