Vassolo, Roberto S.; De Almeida Ravara, Filipe; Connor, … - In: Management Research: Journal of the Iberoamerican … 3 (2005) 1, pp. 85-97
This study analyzes the trade‐off between strategic flexibility and commitment for cases of simultaneous and related strategic investments under high levels of uncertainty. It develops a model that, using a Cournot game and real option theory, demonstrates that (1) a correlated strategic...