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strand is rapidly growing. Ours is one of the very few attempts at modeling and estimating the decision of Indian firms on …
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Are initial competitive advantages self-reinforcing, so that markets exhibit an endogenous tendency to be dominated by only a few firms? Although this question is of great economic importance, no systematic empirical study has yet addressed it. Therefore, we examine experimentally whether firms...
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This paper develops a model of choice that embeds some psychological aspects affecting decision maker's behaviour. In … the model, the decision maker attaches an unobservable psychological index -representing, e.g., the level of perceived … availability or the level of salience- to each alternative in a universal collection. Choice behaviour of the decision maker is …
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In this paper we apply a real-option model to study the effects of tax rate uncertainty on a firm's decisions. In doing so, we depart from the relevant literature, which focuses on fully equity-financed investment projects. By letting a representative firm borrow optimally, we show that debt...
Persistent link: https://www.econbiz.de/10008729101
This paper applies real options theory to establish an overseas oil investment evaluation model that is based on Monte …
Persistent link: https://www.econbiz.de/10009379748