This thesis consists of three chapters on analyzing the optimal investment timing and investment capacity for the firm(s) undertaking irreversible investment in an uncertain environment. Chapter 2 studies the investment decision of a monopoly firm when it can adjust output quantity in a market with uncertain demand. Chapter 3 investigates the strategic interactions of investment decisions between a first investor that always produces up to capacity and a second investor that can adjust the output quantity. Chapter 4 considers the regulator’s optimal subsidy policy to align the firm’s optimal investment decision to the social optimal decision.
|Qualification||Doctor of Philosophy|
|Award date||6 Nov 2017|
|Place of Publication||Tilburg|
|Print ISBNs||978 90 5668 531 7|
|Publication status||Published - 2017|