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Developing real option game models
DOI:10.1016/j.ejor.2014.02.002.png)
Abstract
En 中文
By mixing concepts from both game theoretic analysis and real options theory, an investment decision in a competitive market can be seen as a game between firms, as firms implicitly take into account other firms' reactions to their own investment actions. We review two decades of real option game models, suggesting which critical problems have been solved by considering game theory, and which significant problems have not been yet adequately addressed. We provide some insights on the plausible empirical applications, or shortfalls in applications to date, and suggest some promising avenues for future research. (C) 2014 Elsevier B.V. All rights reserved.
Keywords:
Finance
Real option games
Investment analysis
Strategic investment
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6
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2.2W
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6.4W
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