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dc.contributor.authorChronopoulos, Michail
dc.contributor.authorDe Reyck, Bert
dc.contributor.authorSiddiqui, Afzal S.
dc.date.accessioned2018-03-23T12:03:47Z
dc.date.available2018-03-23T12:03:47Z
dc.date.created2014-02-20T14:48:36Z
dc.date.issued2014-07-16
dc.identifier.citationEuropean Journal of Operational Research. 2014, 236 (2), 643-656.nb_NO
dc.identifier.issn0377-2217
dc.identifier.urihttp://hdl.handle.net/11250/2491916
dc.description.abstractA monopolist typically defers entry into an industry as both price uncertainty and the level of risk aversion increase. By contrast, the presence of a rival typically hastens entry under risk neutrality. Here, we examine these two opposing effects in a duopoly setting. We demonstrate that the value of a firm and its entry decision behave differently with risk aversion and uncertainty depending on the type of competition. Interestingly, if the leader’s role is defined endogenously, then higher uncertainty makes her relatively better off, whereas with the roles exogenously defined, the impact of uncertainty is ambiguous.nb_NO
dc.language.isoengnb_NO
dc.rightsNavngivelse 4.0 Internasjonal*
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/deed.no*
dc.subjectDecision Supportnb_NO
dc.subjectInvestment analysisnb_NO
dc.subjectReal optionsnb_NO
dc.subjectCompetitionnb_NO
dc.subjectRisk aversionnb_NO
dc.titleDuopolistic competition under risk aversion and uncertaintynb_NO
dc.typeJournal articlenb_NO
dc.typePeer reviewednb_NO
dc.description.versionpublishedVersionnb_NO
dc.subject.nsiVDP::Social science: 200::Economics: 210::Business: 213nb_NO
dc.source.pagenumber643-656nb_NO
dc.source.volume236nb_NO
dc.source.journalEuropean Journal of Operational Researchnb_NO
dc.source.issue2nb_NO
dc.identifier.doi10.1016/j.ejor.2014.01.018
dc.identifier.cristin1117158
cristin.unitcode191,10,0,0
cristin.unitnameInstitutt for foretaksøkonomi
cristin.ispublishedtrue
cristin.fulltextoriginal
cristin.qualitycode2


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Navngivelse 4.0 Internasjonal
Except where otherwise noted, this item's license is described as Navngivelse 4.0 Internasjonal