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When and how to shift gears: Dynamic trade-offs among adjustment,opportunity, and transaction costs in response to an innovation shock
Authors:Lyda Bigelow  Jackson A Nickerson  Woo-Yong Park
Institution:1. Eccles School of Business, University of Utah, Salt Lake City, Utah;2. Olin Business School, Washington University in St. Louis, St. Louis, Missouri;3. Department of Industrial and Systems Engineering, Hong Kong Polytechnic University, Kowloon, Hong Kong
Abstract:
Keywords:adjustment costs  dynamic trade-offs  innovation shock  opportunity costs  transaction costs
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