๐”– Bobbio Scriptorium
โœฆ   LIBER   โœฆ

Herding versus Hotelling: Market Entry with Costly Information

โœ Scribed by David B. Ridley


Book ID
109125400
Publisher
John Wiley and Sons
Year
2008
Tongue
English
Weight
702 KB
Volume
17
Category
Article
ISSN
1058-6407

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โœ Catherine A. Maritan; Robert E. Florence ๐Ÿ“‚ Article ๐Ÿ“… 2008 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 169 KB

## Abstract We explore how firms invest in capabilities by acquiring assets in strategic factor markets. We formalize the problem using an auction model in which heterogeneous firms bid for an asset to investigate relationships among expected returns to the investment, information used to estimate