investment timings. Players choose when to invest in a nonrival project with uncertain returns. The earliest investor bears the … costs of investment and all players learn whether the project is of good or bad quality. Informational externalities create … free-riding incentives resulting in strategic delays in investment timings. Our theoretical analysis suggests that …

In this paper we analyse a dynamic model of investment under uncertainty in a duopoly, in which each firm has an option …. A simulation-based numerical example illustrates the model and shows the relative likelihoods of investment taking place …

of the incumbent would accelerate the its own timing of the investment that reduces the monopolistic profit of the … incumbent. Therefore, the high-demand incumbent may delay the timing of the investment in order to hide the information …

This paper studies how hiding sunk cost of investment would affect investment strategies in a duopoly. The investment … profit flow and lower uncertainty about the investment cost. For the second case, this surplus grows with both mentioned …

The technology investment decision of an individual firm has become a very complex matter in recent years. One reason … and movement towards oligopolistic markets. In this book, several theoretical and technology investment models of the firm … are developed and analyzed. To solve these models real options theory and game theory is used. The real options theory …