Table 4.

Sensitivity investment characteristics in a continuous pressure setting

Case prop 4	Parameter value	$\theta$	$\tilde{\theta }$	$E({\tau }_1^{\ast })$	$V(l,\widehat{L})$
1	Base line and P = 0.7	0.5	N.D.	3.648	18.107
	Base line and $\delta =0.95$	0.5	N.D.	3.648	27.650
	Base line and C = 50	0.5	N.D.	3.648	23.712
	Base line and r = 0.03	0.5	N.D.	3.648	17.344
2a	Base line	20	11.171	3.382	26.314
2b	Base line	0.5	11.171	3.183	29.653

Base line parameter values: $P=1$, $\delta =0.8$, $C=30$, $r=0.02$