Original paper
"Resource Allocation, Real Options, and Competitive Advantage: A Behavioral Approach"
Abstract
This paper develops a realistic real option theory of resource allocation decisions in strategic factor markets. We build on extant financial and managerial theories, real option theories of decision-making under uncertainty, and strategic factor market theories of competitive advantage. We observe that canonical real options theory assumes that markets are complete. Consequently, the decision-making challenges facing managers are trivial...
Paper Details
Title
"Resource Allocation, Real Options, and Competitive Advantage: A Behavioral Approach"
Published Date
Jan 1, 2016
Volume
2016
Issue
1
Pages
12251 - 12251
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Notes
History