54 citations · 54 across the 2 of their papers we have counts for
2 papers
math.OC2022
Exit game with private information
H. Dharma Kwon, Jan Palczewski
The timing of strategic exit is one of the most important but difficult business decisions, especially under competition and uncertainty. Motivated by this problem, we examine a st…
math.OC2019★ 54 cited
Invest or Exit? Optimal Decisions in the Face of a Declining Profit Stream
H. Dharma Kwon
Even in the face of deteriorating and highly volatile demand, firms often invest in, rather than discard, aging technologies. In order to study this phenomenon, we model the firm's…