search query: @author THompson, P. / total: 18
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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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