Huisman, Kuno; Kort, Peter; Pawlina, G.; Thijssen, J.J.J. - Tilburg University, Center for Economic Research - 2003
As becomes apparent from the standard text books in industrial organization (cf.Tirole, 1988, The Theory of Industrial … theory of strategic real options can be used to fill this empty hole .Based on the work by Smets (1991) standard models are …
