Why Do Team Projects Progress Slowly? A Model Based on Strategic Uncertainty

Abstract

This paper analyzes the investment timing for team projects. Under demand uncertainty, it is valuable to maintain flexibility in future investment alternatives. However, one party’s flexibility creates strategic uncertainty for another party, which causes the other party to choose a higher level of flexibility. This strategic complementarity leads to delays… (More)

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Cite this paper

@inproceedings{Yoshida2015WhyDT, title={Why Do Team Projects Progress Slowly? A Model Based on Strategic Uncertainty}, author={Jiro Yoshida}, year={2015} }