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Competition and irreversible investments under uncertainty
Moretto, Michele - 2003
This paper examines the effect of competition on the irreversible investment decisions under uncertainty as a …
Persistent link: https://www.econbiz.de/10011591153
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Irreversible investment in oligopoly
Steg, Jan-Henrik - 2009
We offer a new perspective on games of irreversible investment under uncertainty in continuous time. The basis is a particular approach to solve the involved stochastic optimal control problems which allows to establish existence and uniqueness of an oligopolistic open loop equilibrium in a very...
Persistent link: https://www.econbiz.de/10003818214
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Irreversible Investment in Oligopoly
Steg, Jan-Henrik - 2014
We take a general perspective on capital accumulation games with open loop strategies, as they have been formalized by Back and Paulsen (Rev. Financ. Stud. 22, 4531-4552, 2009). With such strategies, the optimization problems of the individual players are of the monotone follower type....
Persistent link: https://www.econbiz.de/10013047361
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Investment under Uncertainty and Correlated Privately Known Costs
Dehghani, Mohammad Hossein - 2019
This paper studies the behavior of two firms after a new investment opportunity arises. Examples of such an investment are technology adoption or market entry. Firms either invest immediately or wait until market uncertainty is resolved. Two types of separating equilibrium are possible when...
Persistent link: https://www.econbiz.de/10012905574
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Demand uncertainty, product differentiation, and entry timing under spatial competition
Ebina, Takeshi; Matsushima, Noriaki; Nishide, Katsumasa - 2017
continuous-time spatial competition duopoly model a la d'Aspremont et al. (1979). Under a sequential equilibrium, the threshold …
Persistent link: https://www.econbiz.de/10011671810
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Pricing Under Dynamic Competition When Loyal Consumers Stockpile
Gangwar, Manish - 2020
competition under duopoly and derive the Markov Perfect Equilibrium pricing strategies.Contrary to intuition we find that …
Persistent link: https://www.econbiz.de/10012856272
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Potential Competition and the Prices of Network Goods : Desktop Software
Hall, Robert E.; Audenrode, Marc Van; Royer, Jimmy - 2004
Potential competition restrains the prices of an incumbent seller when the incumbent can alter the environment … with the incumbent's product. A primary tool for making a product ubiquitous is low pricing. Hence potential competition …
Persistent link: https://www.econbiz.de/10014074363
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Competition and Product Innovation in Dynamic Oligopoly
Goettler, Ronald L.; Gordon, Brett R. - 2013
We investigate the relationship between competition and innovation using a dynamic oligopoly model that endogenizes … both the long-run innovation rate and market structure. We use the model to examine how various determinants of competition …
Persistent link: https://www.econbiz.de/10014042417
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Negative and positive effects of competition in a preemption game
Suzuki, Toru - 2010
efficiency under mild competition. The effect of competition on the equilibrium strategy is different depending on which class of … show that the effect of competition on efficiency is different between the common value and the private value setting …. Strong competition leads to the least efficient equilibrium for the common value setting but efficiency can be improved by …
Persistent link: https://www.econbiz.de/10008747610
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Competitive Real Options under Private Information
Gorno, Leandro - 2017
competition that first builds and then subsides slowly towards a steady state. We also discuss comparative statics regarding …
Persistent link: https://www.econbiz.de/10012968128