Dobbelaere, Sabien; Luttens, Roland Iwan; Peters, Bettina - 2009
confirmed.
Keywords: investment under uncertainty, R&D, demand uncertainty, technical uncertainty,
entry threat.
JEL … represent sunk costs and above all, they are highly uncertain. Models of
investment decisions in an uncertain environment have … permeated different parts of the invest-
ment literature, ranging from the neoclassical theory of investment (e.g. Jorgenson …