changes. We qualitatively show how two firms strategically optimize their investment timing, taking into account competition …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 …

We study a research and development race by extending the standard investment under uncertainty framework. Firms … competition that first builds and then subsides slowly towards a steady state. We also discuss comparative statics regarding …

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 …

This paper investigates the impact of technical progress on the relationship between competition an investment. Using a … competition that maximizes investment of the industry. This feature holds also for consumer surplus and Welfare. In the model … model of oligopoly competition with di¤erentiated products where firms invest to reduce their marginal cost of production, I …