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In this study, we analyze the investment-timing problem and introduce a model of two firms competing for investment … preemption, each of which knows in advance the time at which the economic condition that will have an impact on the investment … changes. We qualitatively show how two firms strategically optimize their investment timing, taking into account competition …
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This paper analyses the determinants of aggregate per-capita investments into the telecom sector. We provide results of panel econometric estimates for EU and OECD countries covering the period from 2005 to 2013. The findings show a positive effect of infrastructure-based competition between...
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