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We consider competitive capacity investment for a duopoly of two distinct producers. The producers are exposed to …, we are led to a nonzero-sum timing game describing the transitions among the discrete investment stages. Working in a … quantifies the dynamic competition effects and yields insight into dynamic preemption and over-investment in a general asymmetric …
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approach to evaluate investment decisions and timing of a single investor in gas fired power generation. We investigate the …
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Following a positive shock, financing constraints will prolong or impede economic expansion that would have been optimal in an unconstrained environment. The study of dynamic adjustment therefore offers a direct way of verifying the presence of financing constraints and assessing their...
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The interrelationship between financial constraints and firm activity is a hotly debated issue. The way firms cope with financial constraints is fundamental to the analysis of monetary transmission, of financial stability and of growth and development. The CBI Industrial Trends Survey contains...
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present a profound economic basis for investment decisions on upfront investments in flexible on-demand production capacity. …
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prices, but distort consumption and investment. Market integration alleviates supply constraints, but requires costly network … reinforcement. Capacity reserves can be up- or downward distorted, but network investment is always insufficient in equilibrium …
Persistent link: https://www.econbiz.de/10011633642