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- W2061838793 abstract "Since the work of George Richardson on the problem of investment co ordination, the literature has focused on explaining equilibrium in investment games and neglected the problem of how investments are coordinated. This paper reports the findings of a case study of the brick industry which used grounded theory techniques to develop a new analysis of investment co ordination. Our main findings indicate that, despite the high cost of excess capacity and the very clear signalling of investment intentions, brick firms are reluctant to stand back and delay their own investments when a rival firm is expanding. The fact that for the most part excess investment is avoided is explained by reference to firms' heterogeneity and constraints to investment." @default.
- W2061838793 created "2016-06-24" @default.
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- W2061838793 date "2005-03-01" @default.
- W2061838793 modified "2023-09-24" @default.
- W2061838793 title "Investment sequencing in the brick industry: an application of grounded theory" @default.
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- W2061838793 doi "https://doi.org/10.1093/cje/bei028" @default.
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