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Strategy with Sunk Costs

Strategy with Sunk Costs The conceptual framework of Strategy-as-Rationality is applied to the strategic mystery of investment decisions involving sunk costs. The problem is isomorphic to that confronting a plurally-rational individual, who cannot be certain about the future but is reconsidering a partly-implemented personal plan. Normative, descriptive and prescriptive dimensions of this generic sunk cost problem are synthesized. The analyis is illustrated with reference to an unfinished hydroelectric scheme on the Danube river in Central Europe (Gabcikovo-Nagymarosz). http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Human Systems Management IOS Press

Strategy with Sunk Costs

Singer, Alan E.
Human Systems Management , Volume 12 (2) – Jan 1, 1993
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Publisher
IOS Press
Copyright
Copyright © 1993 by IOS Press, Inc
ISSN
0167-2533
eISSN
1875-8703
DOI
10.3233/HSM-1993-12204
Publisher site
See Article on Publisher Site

Abstract

The conceptual framework of Strategy-as-Rationality is applied to the strategic mystery of investment decisions involving sunk costs. The problem is isomorphic to that confronting a plurally-rational individual, who cannot be certain about the future but is reconsidering a partly-implemented personal plan. Normative, descriptive and prescriptive dimensions of this generic sunk cost problem are synthesized. The analyis is illustrated with reference to an unfinished hydroelectric scheme on the Danube river in Central Europe (Gabcikovo-Nagymarosz).

Journal

Human Systems Management – IOS Press

Published: Jan 1, 1993

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