Showing 1 - 5 of 5
We show that the standard analysis of vertical relationships transposes directly to investment dynamics. Thus, when a firm undertaking a project requires an outside supplier (e.g., an equipment manufacturer) to provide it with a discrete input to serve a growing but uncertain demand, and if the...
Persistent link: https://www.econbiz.de/10011108898
Persistent link: https://www.econbiz.de/10010462770
Persistent link: https://www.econbiz.de/10011547245
This paper investigates the combined impact of a first-mover advantage and of firmsí limited mobility on the equilibrium outcomes of a continuous-time model adapted from by Boyer, Lasserre, and Moreaux (2007). Two firms face market development uncertainty and may enter by investing in lumpy...
Persistent link: https://www.econbiz.de/10005004753
This paper investigates the combined impact of a first-mover advantage and of firms' limited mobility on the equilibrium outcomes of a continuous-time model adapted from by Boyer, Lasserre, and Moreaux (2007). Two firms face market development uncertainty and may enter by investing in lumpy...
Persistent link: https://www.econbiz.de/10008790627