Lumpy Capacity Investment and Disinvestment Dynamics

DOI10.1287/OPRE.1100.0823zbMath1232.91374OpenAlexW3123813551MaRDI QIDQ3098312

Ulrich Doraszelski, David Besanko, Lauren Xiaoyuan Lu, Mark Allen Satterthwaite

Publication date: 17 November 2011

Published in: Operations Research (Search for Journal in Brave)

Full work available at URL: https://repository.upenn.edu/cgi/viewcontent.cgi?article=1032&context=bepp_papers

zbMATH Keywords

capacityMarkov perfect equilibriumindustry evolutiondynamic stochastic gamecapacity coordinationinvestment and disinvestmentpreemption races

Mathematics Subject Classification ID

Applications of game theory (91A80) Production theory, theory of the firm (91B38) Corporate finance (dividends, real options, etc.) (91G50)

Related Items (9)

Competitive Investment with Bayesian Learning: Choice of Business Size and Timing ⋮ On the feedback solutions of differential oligopoly games with hyperbolic demand curve and capacity accumulation ⋮ Strategic investment under uncertainty in a triopoly market: timing and capacity choice ⋮ Investment timing and capacity choice under uncertainty ⋮ Entry deterrence by timing rather than overinvestment in a strategic real options framework ⋮ Transmission investment under uncertainty: reconciling private and public incentives ⋮ Dynamic investment strategies and leadership in product innovation ⋮ On Markov Equilibria in Dynamic Inventory Competition ⋮ Mean Field Equilibrium: Uniqueness, Existence, and Comparative Statics

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