Investment decisions and managerial comp
✍
Gregory E. Goering; T. Harikumar
📂
Article
📅
1999
🏛
John Wiley and Sons
🌐
English
⚖ 108 KB
👁 1 views
We consider an economy where firms operate in an imperfectly competitive industry and mutually affect each others' investment opportunities. Each firm is assumed to face a mutually exclusive choice of investing in either a short-or a long-term project. For example, firm i's commitment to a short-ter