-perfect duopoly dynamics with ongoing demand uncertainty. All entrants serving the model industry incur sunk costs, and exit avoids … two firms reduces the probability of having a duopoly but increases the probability that some firm will serve the industry …

We analyze information production incentives for traders in financial markets, when firms condition investment … lead to a market breakdown where information production ceases, and investment and firm value collapse. Our theory sheds …'s investment project increases with the ex ante likelihood the project will be undertaken. This generates an informational …

investment policies. As information aggregates in the market, these errors amplify and crowd out the information content of stock …