Sequential Investment, Hold-up and Strategic Delay
We investigate hold-up with simultaneous and sequential investment. We show that if the encouragement effect of sequential complementary investments dominates the delay effect, sequential investment alleviates the underinvestment caused by the hold-up problem. Further, if it is allowed to choose whe...
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| Main Authors: | , |
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| 格式: | text |
| 語言: | English |
| 出版: |
Institutional Knowledge at Singapore Management University
2010
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| 主題: | |
| 在線閱讀: | https://ink.library.smu.edu.sg/soe_research/1472 https://ink.library.smu.edu.sg/context/soe_research/article/2471/viewcontent/workshop_5CSequentialHoldup_dynamic.pdf |
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