one point in time. It offers an intuitive explanation for why cancellation fees for some services (e.g., hotel … reservations) increase as the time for performance approaches. If the seller makes investments over time to improve her value from … contract at a time closer to when contract performance is due. Furthermore, it is shown that if the seller may be able to find …

Time overruns are common in public works and are not confined to inherently complex tasks. One explanation advanced in …. By exploiting the real-option approach, we examine how the inability to force sellers to meet the contract time … ; Cost Uncertainty ; Time Overruns ; Liquidated Damages ; Real Options …

Time overruns are common in public works and are not confined to inherently complex tasks. One explanation advanced in …. By exploiting the real-option approach, we examine how the inability to force sellers to meet the contract time …