Irreversible investment in alternative projects

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How to Proceed with Competing Alternative Energy Technologies: a Real Options Analysis (2010, methodology): “007 using the approach of Décamps et al. (2006), we show how the firm is able to optimise investment in the two mutually exclusive projects for all long-term electricity prices.”
Strategic Capacity Investment Under Uncertainty (2015, unknown): “He ﬁnds that irreversibility leads to smaller capacities and that a large portion of the ﬁrm value is due to growth possibilities.”
Renewable energy investments under different support schemes: A real options approach (2012, background): “However, the complexity of a discrete capacity choice [15, 14] and, more importantly, the capacity of most renewable energy projects justifies a continuous approximation and allows us to proceed along the lines in [13].”
On Threshold Strategies and the Smooth-Fit Principle for Optimal Stopping Problems (2007, background): “[4] gave very simple examples of convex, nondecreasing payoffs for which the optimal stopping strategy is not of threshold type.”