This paper uses newly collected panel data that allow for significant improvements in the measurement and modeling of IT productivity to address some long-standing empirical limitations in the IT business value literature. First, we show that using GMM-based estimators to account for the...

We analyze the competitive capacity investment timing decisions of both established firms and start-ups entering new markets which are characterized by a high degree of demand uncertainty. Firms may invest in capacity early (when the market is highly uncertain) or late (when market uncertainty...

To analyze incentives for investing in the capacity to generate renewable electricity, we model the trade-off between renewable (e.g. wind) and nonrenewable (e.g. natural gas) technology. Renewable technology has a higher investment cost and yields only an intermittent supply of electricity;...