The theory of real options determines the optimal time to invest in a project of given size. As
a main result, it is found that in a more uncertain environment, it is optimal for a firm to delay …

This article considers investment decisions within an uncertain dynamic and duopolistic
framework. Each investment decision involves to determine the timing and the capacity …

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 …

This paper surveys three areas of applications of dynamic games:(i) transboundary
pollution,(ii) exploitation of transboundary resources, and (iii) problems of the developing …

We investigate the size and timing of investment in adaptation to climate change effects for
ports, when efficiency of investment is uncertain and the market is competitive. We develop a …

This paper examines strategic investment games between two firms that compete for optimal
entry in a project that generates uncertain revenue flows. Under asymmetry on both the sunk …

This paper studies investments in new markets where more than two (anticipated) identical
competitors are present. In case of three firms an accordion effect is detected: an exogenous …

Infrastructure provides a platform and creates the strategic context in which the firm can
grow. Although the type of infrastructure invest-ment—be it in land, distribution systems …

We study the impact of price cap regulation on the level and timing of investment in an
oligopolistic (Cournot) industry facing stochastic demand. We find that a price ceiling affects …

Research on foreign direct investment has focused considerable attention on the moment of
market entry, but less on the dynamics of investment in the post-entry phase. This paper …