Arya, Anil; Glover, Jonathan; Routledge, Bryan R. - In: Management Science 48 (2002) 7, pp. 886-899
In this paper, we study an incentive problem that arises between a principal and two agents because they value a real option differently. The real option in our model is a timing option. The agents have limited capacity to undertake projects, and each agent's capacity can be filled now or later....
