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| Author: | Thompson, P. Horowitz, I. |
| Title: | Experimentation and optimal output decisions: the cooperative versus the entrepreneurial firm |
| Journal: | Management Science
1993 : JAN, VOL. 39:1, p. 46-53 |
| Index terms: | ENTREPRENEURSHIP COMPANIES CO-OPERATIVES DIVIDENDS |
| Language: | eng |
| Abstract: | This paper studies and contrasts the experimental inclinations of entrepreneurial and cooperative firms supplying a perishable good under uncertain demand, when larger stocks might lead additional information about the demand-generating process. While these firms might react differently, and in the case of the cooperative not unambiguously, to environmental change, neither variant will find the higher output - possibly more informative - option especially attractive. |
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