Investment decisions and managerial comp
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Gregory E. Goering; T. Harikumar
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Article
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1999
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John Wiley and Sons
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English
โ 108 KB
๐ 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