Schade, Christian; Snir, Avichai - Department für Agrarökonomie, Humboldt-Universität Berlin - 2012
Business-owners often postpone disinvestment decisions even when future profits are not expected to compensate for … make investment and disinvestment decisions. We find that the number of rounds most subjects play is greater than the … that buck-passing and not risk-averse subjects tend to postpone their disinvestment decisions even when they make losses …