, firms decide whether to invest early or wait until uncertainty has been resolved. A game that captures time-to-build …This paper examines how time to build alters strategic investment behaviour under oligopoly. Facing demand uncertainty …

This paper discusses the model and solution approach adopted by Majd and Pindyck (1987. Time to build, option value …

time preference and a time-to-build feature in capital accumulation. Both features are particularly important in the …

results show the importance of the mixed effect of uncertainty and time-to-build on the decision to invest. Empirical results … conclusion is that time-to-build projects faced with uncertainty, like non-residential structures, seem to be affected …

finding is further taken as evidence of capital market imperfections. We argue that time-to-build for capital projects creates … indexed by the length of the time-to-build. We show that the typical (empirical) investment regression with q and cash flow is … ridden with specification error under time-to-build investment. This error is due to an omitted right hand side state …