Maxco and Gambit are bidding for an oil lease. Gambit will soon know the value of the lease with some precision. Maxco is bidding without such precise information. The goal is to help students get to hard to think about how Gambit will offer strategy before deciding on Maxco.

Maxco and Gambit are bidding for an oil lease. Gambit will soon know the value of the lease with some precision. Maxco is bidding without such precise information. The goal is to help students get to hard to think about how Gambit will offer strategy before deciding on Maxco.
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from
John S. Hammond,
Donald L. Wallace
Source: Harvard Business School
6 pages.
Release Date: 1 January 1974. Prod #: 174091-PDF-ENG
Maxco, Inc. and The Gambit Co. HBR case solution