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Outsiders point to the lost option of devaluation to explain Italy's funk.
This difference may illustrate the lost option of winning tomorrow.
Our main specification does not consider that firms may price into their bids also the lost option value of winning today versus winning later.
In a dynamic model, if firms are capacity constrained, they may also price into their bids the lost option value of winning today versus winning later, i.e. the (additional) cost of winning today consists also of the loss of future discounted profits due to limited capacity.
Similar(55)
To give declarer a losing option, West found the fiendish return of the club nine.
This seemed foolish, but when the commentators thought this over they realized that it gave Moss a losing option.
South threw a diamond and a spade on the hearts, and led to the club ace, reaching this position: South had a losing option and chose it.
There doesn't seem to be a losing option in this game, so be prepared to play this one for a while.
And in a world of instant DNA swabbing and database matching, crime shows lose options.
"But it seems to be one of among a dozen losing options.
But when East ruffed the spade jack, South had two losing options.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com