FIN Seminar/ Webinar – Peter Kort

september, 2023

28sep13:0014:00FIN Seminar/ Webinar - Peter Kort


Event Details

CEF.UP – FIN Seminar/Webinar

Thursday – September 28th, 2023 at 1:00 p.m. | Room 305| Online


“First and Second Mover Advantages in Strategic Investment under Uncertainty”

Peter Kort  – Tilburg University (joint work with Berend J. Stofferis, and Jacco J.J. Thijssen)


“We study a strategic duopoly investment game in which two firms decide on timing and size of an investment under iso-elastic demand. We find that, in equilibrium, investment can be preemptive or resulting from a war of attrition. This contrasts with existing literature that only finds preemptive investment. We show numerically that the presence of a second mover advantage can delay investment inefficiently long from a social welfare perspective.”





(Thursday) 13:00 - 14:00

Deixe um comentário

Campos obrigatórios estão marcados com*