Table 7.

Sensitivity investment characteristics in a discontinuous 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.	23.768	22.734
	base line and $\delta$ = 0.95	0.5	N.D.	23.768	33.765
	Base line and C = 50	0.5	N.D.	23.768	30.925
	Base line and r = 0.03	0.5	N.D.	23.768	23.001
2a	Base line	20	11.171	14.368	31.697
2b	Base line	0.5	11.171	23.268	35.274

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