C.-Y. C. Lin and F. Yi, “What Factors Affect the Decision to Invest in a Fuel Ethanol Plant: A Structural Model of the Investment Timing Game in Europe,” Working Paper, University of California at Davis, Davis, 2013.

has been cited by the following article:

• TITLE: An Analysis of Ethanol Investment Decisions in Thailand

  AUTHORS: Nisal Herath Mudiyanselage, C.-Y. Cynthia Lin, Fujin Yi

  KEYWORDS: Ethanol; Thailand

  JOURNAL NAME: Theoretical Economics Letters, Vol.3 No.5A, August 26, 2013

  ABSTRACT: This paper analyzes the decision to invest in building ethanol plants in Thailand. We analyze the effects of economic factors, strategic factors, and government policies on ethanol investment using discrete response and fixed effects regression models. Results show that the main factor that affects the decision to invest in building an ethanol plant in a particular changwat is the number of ethanol plants already in the changwat. The number of ethanol plants already in the changwat has a significant negative effect on the decision to invest in building an ethanol plant in a particular changwat, which suggests that potential investors are deterred by local competition in input and output markets.