Project selection: Commitment and competition
نویسندگان
چکیده
منابع مشابه
Project selection: Commitment and competition
We examine project selection decisions of firms constrained in the number of projects they can handle at once. A new project opportunity arises every period. Taking on a project requires a commitment of uncertain duration, preventing the firm from selecting another project in subsequent periods until the commitment ends. In our dynamic game, when two firms are free of commitment, they move sequ...
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ژورنال
عنوان ژورنال: Games and Economic Behavior
سال: 2016
ISSN: 0899-8256
DOI: 10.1016/j.geb.2016.01.011