Granularity, Time and Control of Economic Resources

Ramji Balakrishnan, Shyam Sunder and Shiva Sivaramakrishnan

Yale School of Management Working Papers from Yale School of Management

Abstract: Opportunity cost is a central concept in decision making. It is difficult to measure because it is the value associated with opportunities foregone. In this paper, we characterize three time-based dimensions of resources to help understand and estimate opportunity costs. These dimensions capture the intrinsic lumpiness of resources with respect to their acquisition (acquisition granularity), the extent to which they retain their usefulness over tim

Date: 1999-04-01, Revised 2009-06-01
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Working Paper: Granularity, Time and Control of Economic Resources (2009)
Working Paper: Granularity, Time, and Control of Economic Resources
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Persistent link: https://EconPapers.repec.org/RePEc:ysm:wpaper:ysm117

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