turn affect rent. By extending the theory of investment under uncertainty, we model the renter's decision to buy a house …

. Moreover, the real option theory suggests that investment flexibility has an intrinsic value, as it allows concessionaires to … the impact of concession length and investment timing flexibility on the "concession value." It is generally argued that … investment timing flexibility, should always result in higher concession values. Our result suggests that this is not always the …

This paper examines the effect of competition on the irreversible investment decisions under uncertainty as a … investment opportunity which is completely irreversible and the product market reveals an inverted U-shape relationship between …

's investment of endogenous size. Using a real option approach in continuous time, we show that profit sharing does not affect a … total investment. We also evaluate the reduction in the firm's value due to profit sharing, linking this reduction to the …

’s investment of endogenous size. Using a real option approach in continuous time, we show that profit sharing does not affect a … total investment. We also evaluate the reduction in the firm’s value due to profit sharing, linking this reduction to the …

’s investment of endogenous size. Using a real option approach in continuous time, we show that profit sharing does not affect a … total investment. We also evaluate the reduction in the firm’s value due to profit sharing, linking this reduction to the …

We analyse the effects of different regulatory schemes (price cap and profit sharing) on a firm's investment of …-up investment relative to a pure price cap scheme. Profit sharing does not necessarily affect total investment either, if the … optimally trigger tighter regulation: profit sharing should be less stringent in sectors where there are bigger investment …

fact might be the different investment behavior of farmers in the two countries. We experimentally analyze whether the … investment behavior of farmers is consistent with the normative benchmarks of the net present value criterion or the real options … approach. Furthermore, we experimentally compare the investment behavior of farmers in the two countries in an agricultural and …