| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5077863 | International Journal of Industrial Organization | 2016 | 12 Pages |
Abstract
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.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Katsumasa Nishide, Kyoko Yagi,