We examine the extent to which uncertainty delays investment, and the effect of competition on this relationship, using … increase in the return volatility reduces the probability of investment by 13 percent, equivalent to a 9 percent decline in …

enter and pay the initial instalment cost as well as the optimal dynamic investment strategy that it follows afterward. For …

that anticipate the actual tax base incorrectly. I analyze the effects of stochastic taxation on investment behavior in a … the effects of both tax base and tax rate uncertainty, the investment's tax payment is modelled as a stochastic process …. Increased tax uncertainty has an ambiguous impact on investment timing. The view that tax uncertainty depresses real investment …

information security assets, but has focused primarily on the most effective level of investment and the configuration of …

In this paper, we estimate the value of an Information Communication Technology (ICT) investment opportunity, modeled …. So far in the ICT literature, competition modeling is mainly focusing on duopoly market conditions, where investment … provide a ROs model, which estimates the value of a future investment opportunity when competitive entry can take part of the …

research during the last decade. It is a flexible method to value investment opportunities and to derive optimal timing of … research on real ICT projects' evaluation using ROs. We analyze these projects with respect to three issues: 1) the complexity …