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

Several contributions have recently reconsidered the role of the time to build assumption in explaining some relevant … stylized facts. In this paper, the similarities and differences which may emerge when the time to build structure of capital is … version of the traditional time to build model developed by Kydland and Prescott is presented, and it is shown how the typical …

determinants of time-to-build--i.e., the time it takes a firm to build and ramp up operations at a new manufacturing facility …. Theoretically, we develop predictions regarding the effects of competitive, firm, and technology characteristics on time-to-build … industry. We find that competition from rivals with superior technology is associated with shorter time-to-build, at least up …

dynamic specifications, such as a multi-period time-to-build for structures, internal adjustment costs for each production ….I-1992.II) and the Netherlands (1971.I-1990.IV). The results endorse time-to-build for structures, persistence of …

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

The timing of investment and capital stock accumulation can differ as a result of time-to-build or delivery lags. In …