Investment, regulation, and uncertainty
نویسندگان
چکیده
منابع مشابه
Investment, regulation, and uncertainty
As with any technological innovation, time refines the technology, improving upon the original version of the innovative product. The initial GM crops had single traits for either herbicide tolerance or insect resistance. Current varieties have both of these traits stacked together and in many cases other abiotic and biotic traits have also been stacked. This innovation requires investment. Whi...
متن کاملInvestment under uncertainty, competition and regulation
We investigate a randomization procedure undertaken in real option games which can serve as a basic model of regulation in a duopoly model of preemptive investment. We recall the rigorous framework of M. Grasselli, V. Leclère and M. Ludkovsky (Priority Option: the value of being a leader, International Journal of Theoretical and Applied Finance, 16, 2013), and extend it to a random regulator. T...
متن کاملPrice Cap Regulation and Investment Incentives Under Demand Uncertainty
We study the e¤ect of price cap regulation on investment in new capacity in an oligopolistic (Cournot) industry, using a continuous time model with stochastic demand. A price cap has two mutually competing e¤ects on investment under demand uncertainty: it makes the option of deferring investment very valuable, but it also reduces the interest of strategic underinvestment to raise prices. We sho...
متن کاملInvestment under uncertainty and regulation of new access networks
Contractual and regulatory provisions for access affect incentives to invest in an upgraded network and, in particular, a next-generation access network. Investment decisions are made under uncertainty and have to be made over time. This papers provides a framework for taking uncertainty, risk aversion, and the timing of investment explicitly into account. First, it evaluates various access pri...
متن کاملInvestment, Uncertainty, and Liquidity*
Preliminary and Incomplete Please do not quote * We are grateful to Peter Grundy for valuable research assistance.
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: GM Crops & Food
سال: 2013
ISSN: 2164-5698,2164-5701
DOI: 10.4161/gmcr.27465