Investissemnt stratégique, incertitude et effet d'irréversibilité

Murat Yildizoglu

Annals of Economics and Statistics, 1994, issue 35, 87-106

Abstract: In a simple model of two stage competition we show that the strategic effect of an irreversible commitment in ex ante capacity can be an insufficient motivation to blockade the entry for the incumbent if the ex post demand on the market is uncertain. In this context we show that this strategic effect must be strong enough to counterbalance the option value of the irreversible commitment.

Date: 1994
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.jstor.org/stable/20075960 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:adr:anecst:y:1994:i:35:p:87-106

Access Statistics for this article

Annals of Economics and Statistics is currently edited by Laurent Linnemer

More articles in Annals of Economics and Statistics from GENES Contact information at EDIRC.
Bibliographic data for series maintained by Secretariat General () and Laurent Linnemer ().