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Granularity, Time, and Control of Economic Resources

Author

Listed:
  • Ramji Balakrishnan
  • K. Sivaramakrishnan
  • Shyam Sunder

Abstract

Opportunity cost is a central concept in decision making. It is difficult to measure because it is the value associated with opportunities foregone. In this paper, we characterize three time-based dimensions of resources to help understand and estimate opportunity costs. These dimensions capture the intrinsic lumpiness of resources with respect to their acquisition (acquisition granularity), the extent to which they retain their usefulness over tim
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Ramji Balakrishnan & K. Sivaramakrishnan & Shyam Sunder, "undated". "Granularity, Time, and Control of Economic Resources," GSIA Working Papers 1999-04, Carnegie Mellon University, Tepper School of Business.
    • Handle: RePEc:cmu:gsiawp:258
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