Browsing by Subject "commitment"

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    • Book  

      Competitive Strategy: Options and Games 

      Chevalier-Roignant, Benoit; Trigeorgis, Lenos (The MIT Press, 2011)
      Corporate managers who face both strategic uncertainty and market uncertainty confront a classic trade-off between commitment and flexibility. They can stake a claim by making a large capital investment today, influencing ...
    • Book  

      Innovation Investment in Two-Stage Games 

      Chevalier-Roignant, Benoit; Trigeorgis, Lenos (The MIT Press, 2011)
      This chapter discusses the trade-off between commitment and flexibility in sequential investment settings. The focus is on two-stage competition models where real options analysis tools are combined with industry organization ...