investment game formulated in continuous time in which reduced-form profits are subject to industry shocks. We show that the … rivals' investment are properly accounted for …

This paper considers investment decisions within an uncertain dynamic and competitive framework. Each investment …

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 …

This paper extends the real options literature by discussing an investment problem, where a firm has to determine … optimal investment timing and optimal capacity choice at the same time under conditions of irreversible investment … hand it causes investment to be delayed to an extent that even small uncertainty makes waiting and accumulation of further …

scale investments in renewable power generation in the wholesale electricitymarket, we address investment in stand …-perfect Nash equilibrium of this dynamicStackelberg game by first deriving the consumer's optimal investment time and the … consumer, which average over 22% across a range of model parameters.Next, we evaluate the impact of consumer's investment in …

This paper studies a model that includes investment-specific technological shocks, a variable capacity utilization rate … investment prices over business cycles …