player takes almost the whole surplus, provided uncertainty is small.If commitments concern only who makes the first offer …

This paper considers the problem of investment timing under uncertainty in a duopoly framework.When both firms want to …

.Kulatilaka and Perotti [1998, Management Science] nd that, in a two-period model, increased product market uncertainty could … increases with uncertainty.In contrast with the two-period model, despite the existence of the strategic option of becoming a … market leader due to a lower marginal cost, more uncertainty always increases the expected time to invest.Furthermore, it is …

Organization), the analysis of the e.ects of uncertainty within this field is yet underdeveloped.This paper shows that the new … regarding asymmetry, technology adoption and decreasing uncertainty over time are reviewed.Among others, it is found that the …

How to compensate people who provide relevant information to a decision-maker who faces uncertainty?This paper suggests …

continuous and discrete time.The resulting optimization problems involve dividing a time horizon of planning into several …