We show that time-to-build, which creates a lag between the decision to invest and production, is an important element … of industry structure. We study a multiperiod investment game where there is demand uncertainty. Adding time-to-build to …, time-to-build gives rise to novel equilibria in which firms invest incrementally, which contrasts with most prior work on …

This paper estimates the determinants of decision time for different types of decision maker in the context of an … enable us to distinguish the factors influencing the decision time of each of these four types. We find that the different … types are influenced by different factors. In general, the Rank Dependent type takes more time, followed by the Smooth, the …