We study social learning from actions and outcomes. Agents learn about future returns through privately observed signals, others' investment decisions public experimentation outcomes when are realized. characterize symmetric equilibria, relate the extent of strategic delay investments in equilibrium to primitives information structure. invest without most optimistic interim belief exceeds a thr...

We address the simultaneous determination of pricing and capacity investment strategies in a multi-period setting under demand uncertainty. In our model a monopolistic firm makes three decisions: capacity investment (or disinvestment), production (inventory), and price, all of which can be specified dynamically as a function of the state of the system. We analyze the optimal joint strategy and ...

We compare emissions taxes and quotas when a (strategic) regulator and (non-strategic) firms have asymmetric information about abatement costs, and all agents use Markov perfect decision rules. Firms make investment decisions that affect their future abatement costs. For general functional forms, firms’ investment policy is information-constrained efficient when the regulator uses a quota, but ...

This paper studies the strategic interaction between a foreign direct investor and a host country. We analyze how the investor can use his control rights to protect his investment if he faces the risk of “creeping expropriation” once his investment is sunk. It is shown that this hold-up problem may cause underinvestment if the bargaining position of the investor is too weak and overinvestment i...

We address the simultaneous determination of pricing and capacity investment strategies in a multi-period setting under demand uncertainty. In our model a monopolistic firm makes three decisions: capacity investment (or disinvestment), production (inventory), and price, all of which can be specified dynamically as a function of the state of the system. We analyze the optimal joint strategy and ...

A solid business case is highly dependent upon a strategic technology research and development plan in the early phases of product design. The embodiment of a strategic technology development plan is the identification and subsequent funding of high payoff technology programs that can maximize a company’s return on investment, which entails both performance and economic objectives. This paper d...

Case-based research was conducted on strategy and IT evolution in the Boeing Company. Results showed IT investment in the 20th century supported an increasingly decentralized hierarchical functional corporate organization structure, and shifted during the early decades of the 21st century toward an IT-enabled global network organization structure. IT investment context changed from an inward fo...

the increasing dependency of many businesses with information technology (it)and the high percentage of the it investment in all invested capital in businessenvironment ask for more attention to this important driver of business. thelimitation of capital budget forces the managers to look for more wise investment init. there are many cost-cutting techniques in the literature and each of them ha...

In this paper, an algorithm is proposed to perform investment decision in a fuzzy environment. This algorithm considers both economic and strategic factors to select the optimal investment project. By using this algorithm, the ambiguities involved in the assessment data can be effectively represented and processed to assure a more convincing and effective decision-making. Finally, the air logis...