Ex Post Flexibility and Choice of Capacity for Loss Reduction
研究事后利用灵活性如何影响企业事前选择减损投入的容量，发现灵活性会提高最优事前容量，且风险增加时存在灵活性效应，该效应倾向于增加容量需求。
Abstract This paper examines the implications of ex post utilization flexibility for the firm's ex ante choice of capacity to supply a loss‐reducing input. It is shown that the optimal ex ante choice is greater in the presence of flexibility than in the absence of flexibility. It is also shown that the total effect of an increase in risk on the ex ante choice includes a flexibility effect when ex post flexibility is present. The flexibility effect always tends to increase the demand for capacity.