Investment under uncertainty

Timing and capacity optimization

Research output: ThesisDoctoral ThesisScientific

184 Downloads (Pure)

Abstract

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.
Original languageEnglish
QualificationDoctor of Philosophy
Awarding Institution
  • Tilburg University
Supervisors/Advisors
  • Kort, Peter, Promotor
  • Talman, A.J.J., Promotor
  • Hagspiel, V., Co-promotor
Award date6 Nov 2017
Place of PublicationTilburg
Publisher
Print ISBNs978 90 5668 531 7
Publication statusPublished - 2017

Fingerprint

Investment decision
Investment under uncertainty
Investors
Optimal investment
Monopoly
Uncertain demand
Investment timing
Subsidies
Irreversible investment
Strategic interaction
Capacity investment

Cite this

Wen, X. (2017). Investment under uncertainty: Timing and capacity optimization. Tilburg: CentER, Center for Economic Research.
Wen, Xingang. / Investment under uncertainty : Timing and capacity optimization. Tilburg : CentER, Center for Economic Research, 2017. 163 p.
@phdthesis{47363df4fc3e46b8b7bda1a3ecbeee65,
title = "Investment under uncertainty: Timing and capacity optimization",
abstract = "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.",
author = "Xingang Wen",
year = "2017",
language = "English",
isbn = "978 90 5668 531 7",
series = "CentER Dissertation Series",
publisher = "CentER, Center for Economic Research",
school = "Tilburg University",

}

Wen, X 2017, 'Investment under uncertainty: Timing and capacity optimization', Doctor of Philosophy, Tilburg University, Tilburg.

Investment under uncertainty : Timing and capacity optimization. / Wen, Xingang.

Tilburg : CentER, Center for Economic Research, 2017. 163 p.

Research output: ThesisDoctoral ThesisScientific

TY - THES

T1 - Investment under uncertainty

T2 - Timing and capacity optimization

AU - Wen, Xingang

PY - 2017

Y1 - 2017

N2 - 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.

AB - 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.

M3 - Doctoral Thesis

SN - 978 90 5668 531 7

T3 - CentER Dissertation Series

PB - CentER, Center for Economic Research

CY - Tilburg

ER -

Wen X. Investment under uncertainty: Timing and capacity optimization. Tilburg: CentER, Center for Economic Research, 2017. 163 p. (CentER Dissertation Series).