We study the interactions between the capital structure and the technological flexibility choices of firms in a duopoly …

technological flexibility may be either positive or negative, and it is sometimes better to observe than to be observed, and …

flexibility in contexts of asymmetric information and to characterize the general features of an appropriate response to this … necessary to generate the optimal level of inertia. We show that more flexibility in adapting to changing conditions or new … efforts and ex post flexibility of adaptation. Nous développons dans cet article un modèle principal-agent permettant de mieux …

large markets, the strategic value of flexibility is positive and observability of technological choices promotes the … adoption of more flexible technologies whereas in small markets, the strategic value of flexibility is negative and … observability decreases the level of flexibility chosen by firms. On étudie l'impact des conditions d'observation sur les choix de …

, choosing a level of technological or organisational flexibility, chhosing an optimal level of inertia) to better understand the …