We study the combined effects of revenue and cost uncertainty as well competition on the timing optimization of … in firms behaviour. When uncertainty about the input costs and revenue are considered together with competition, the …

defined insurance and non-insurance markets based on the initial loss size, we develop theory to show that insurers with buyer … power have incentives to create insurance markets. Insurer competition will push their profits to zero but markets do not … our theory and find support. Monopolistic insurer-subjects in non-insurance markets increase loss sizes to establish …

We study a model of dynamic two-stage R&D competition where the competing firms are uncertain about the difficulty of … the first stage. Staying in the competition is costly and a firm can also choose whether and when to quit. When a firm … arrives neither too soon nor too late, and exit the competition if it has not arrived after a sufficiently long time. From a …

competition are sufficiently high, a negative risk premium arises that resolves over time with learning. The model generates price … competition are intense …

than previously thought: firms prefer to commit to reveal private valued information in both quantity and price competition …. This result differs from previous work where the incentive to commit depended on the type of competition …

In this paper we consider how the degree of risk aversion, and demand/cost uncertainty, influence competition on … take into account that today's profit will determine the intensity of tomorrow's competition. Finally, we characterise the … equilibrium number of risk averse firms in the market. Under demand uncertainty and price competition, concentration is never …