Maxco, Inc and the Gambit Company

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Case

Reference no. 9-174-091

Subject category: Case Method and Specialist Management Disciplines

Authors: John S Hammond III (Harvard Business School); David Wallace (Bain & Company Australia)

Published by: Harvard Business Publishing

Originally published in: 1974

Version: 1 April 1994

Length: 8 pages

Data source: Generalised experience

Topics: Business ethics; Valuation; Bids; Competition; Leasing

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Abstract

Maxco and Gambit are bidding for an oil lease. Gambit will soon know the value of the lease with some precision. Maxco is bidding with no such precise information. The objective is to get the student to think hard about how Gambit will bid before deciding on Maxco's strategy.

Location:

Louisiana