Showing 1 - 4 of 4
This paper considers the problem of investment timing under uncertainty in a duopoly framework.When both firms want to …
Persistent link: https://www.econbiz.de/10011090852
Persistent link: https://www.econbiz.de/10011090870
which adds flexibility in timing of the investment decision.This flexibility introduces an option value of waiting which …
Persistent link: https://www.econbiz.de/10011091411
As becomes apparent from the standard text books in industrial organization (cf.Tirole, 1988, The Theory of Industrial Organization), the analysis of the e.ects of uncertainty within this field is yet underdeveloped.This paper shows that the new theory of strategic real options can be used to...
Persistent link: https://www.econbiz.de/10011091572