Journal Article The Value of Waiting to Invest Get access Robert McDonald, Robert McDonald Northwestern University and National Bureau of Economic Research Search for other works by this author on: Oxford Academic Google Scholar Daniel Siegel Daniel Siegel Northwestern University and National Bureau of Economic Research Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 101, Issue 4, November 1986, Pages 707–727, https://doi.org/10.2307/1884175 Published: 01 November 1986