Papers

Peer-reviewed
Mar, 2016

Investment under regime uncertainty: Impact of competition and preemption

INTERNATIONAL JOURNAL OF INDUSTRIAL ORGANIZATION
  • Katsumasa Nishide
    • ,
  • Kyoko Yagi
Volume
45
Number
First page
47
Last page
58
Language
English
Publishing type
Research paper (scientific journal)
DOI
10.1016/j.ijindorg.2016.01.001
Publisher
ELSEVIER SCIENCE BV
In this study, we analyze the investment-timing problem and introduce a model of two firms competing for investment preemption, each of which knows in advance the time at which the economic condition that will have an impact on the investment changes. We qualitatively show how two firms strategically optimize their investment timing, taking into account competition and preemption. (C) 2016 Elsevier B.V. All rights reserved.
Link information
DOI
https://doi.org/10.1016/j.ijindorg.2016.01.001
Web of Science
https://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcAuth=JSTA_CEL&SrcApp=J_Gate_JST&DestLinkType=FullRecord&KeyUT=WOS:000371979700006&DestApp=WOS_CPL
ID information
  • DOI : 10.1016/j.ijindorg.2016.01.001
  • ISSN : 0167-7187
  • eISSN : 1873-7986
  • Web of Science ID : WOS:000371979700006
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