Huisman, Kuno; Kort, Peter - Tilburg University, Center for Economic Research - 1999
This paper considers an investment timing problem in a duopoly framework. The results of the seminal contribution by … scenario we have a preemption equilibrium with dispersed investment timing, while in the second scenario an equilibrium with … joint investment prevails. In the third scenario preemption holds in case uncertainty is low, and joint investment is the …