Bhattacharya, Sudipto; Chatterjee, Kalyan; Samuelson, Larry - In: Oxford Economic Papers 38 (1986) Suppl. Nov., pp. 219-43
The authors examine a firm able to adopt an innovation of uncertain profitability; reject the innovation; or delay deciding in order to acquire information on profitability. Deriving the optim al strategy from established sequential sampling literature, the authors constru ct a theory of the...