| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 6898256 | European Journal of Operational Research | 2012 | 13 Pages |
Abstract
⺠We assess the value of sequential decision making in monopoly and duopoly settings. ⺠A monopolist has positive value of flexibility that decreases with uncertainty. ⺠By comparison, a typical duopoly firm suffers loss in value due to competition. ⺠This loss may be mitigated by expanding capacity sequentially. ⺠However, the latter holds only if the duopolist's value of flexibility is higher.
Related Topics
Physical Sciences and Engineering
Computer Science
Computer Science (General)
Authors
Afzal Siddiqui, Ryuta Takashima,