Showing 1 - 3 of 3
Persistent link: https://www.econbiz.de/10010407801
Persistent link: https://www.econbiz.de/10013494281
This paper provides a two-stage decision framework in which two or more parties exercise a jointly held real option. We show that a single party’s timing decision is always socially efficient if it precedes bargaining on the terms of sharing. However, if the sharing rule is agreed before the...
Persistent link: https://www.econbiz.de/10011097769