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Axel Sell: Investitionen in Entwicklungsländern. Einzel- und gesamtwirtschaftliche Analysen. Veröffentlichung des HWWA-Instituts für Wirtschaftsforschung, Verlag Weltarchiv, Hamburg 1989, 398 Seiten, 59 DM
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We study the interaction of incentives to free-ride on information acquisition and strategically delay irreversible investment in environments in which multiple firms evaluate an investment opportunity. In our model, two firms decide how quickly to privately obtain information about the...
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