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 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...
