This paper analyzes the impact of investment cost asymmetry on the optimal real option
exercise strategies and the value of firms in duopoly. Both firms have an opportunity to invest …

This chapter is organized as follows. The economic problem on which this book focuses is
motivated in Section 1. The two tools used to study this economic problem, which are real …

This paper studies a dynamic duopoly in which firms compete in the adoption of new
technologies. The innovation process is exogenous to the firms. It is assumed that there are …

This article analyzes the optional and strategic features of infrastructure investment.
Infrastructure investments generate other investment opportunities, and in so doing change …

This paper examines irreversible investment in a project with uncertain returns, when there
is an advantage to being the first to invest and externalities to investing when others also do …

Investment is a central theme in economics, finance, and operational research. Traditionally,
the focus of analysis has been either on assessing the value of flexibility (investment under …

Anxiety in autism is an important treatment target because of its consequences for quality of
life and well-being. Growing evidence suggests that cognitive behaviour therapies and …

This paper illustrates the use of real options valuation and game theory principles to analyze
prototypical investment opportunities involving important competitive/strategic decisions …

This paper considers the problem of investment timing under uncertainty in a duopoly
framework. When both firms want to be the first investor a coordination problem arises. Here …

In this article we develop a model to analyze patent-protected R&D investment projects
when there is (imperfect) competition in the development and marketing of the resulting …