Strategic investment with positive externalities

DOI10.1016/j.geb.2022.11.013OpenAlexW4312054202MaRDI QIDQ2685820

Jan-Henrik Steg, Jacco J. J. Thijssen

Publication date: 23 February 2023

Published in: Games and Economic Behavior (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.geb.2022.11.013

zbMATH Keywords

optimal stoppingreal optionsexternalitiespreemptionwar of attritionmulti-dimensional

Mathematics Subject Classification ID

Stopping times; optimal stopping problems; gambling theory (60G40) Corporate finance (dividends, real options, etc.) (91G50) Games of timing (91A55)

Cites Work

• Unnamed Item
• Unnamed Item
• Unnamed Item
• Developing real option game models
• Symmetric equilibrium strategies in game theoretic real option models
• Preemption in a real option game with a first mover advantage and player-specific uncertainty
• Investment timing and learning externalities
• Optimal and strategic timing of mergers and acquisitions motivated by synergies and risk diversification
• Preemptive investment under uncertainty
• The absence of attrition in a war of attrition under complete information
• Local times, optimal stopping and semimartingales
• Subgame-perfect equilibria in stochastic timing games
• The effects of information on strategic investment and welfare
• Strategies for Survival in Fast-Changing Industries
• Preemption and Rent Equalization in the Adoption of New Technology
• A Theory of Exit in Duopoly
• Strategic Delay in a Real Options Model of R&D Competition
• Fear of the Market or Fear of the Competitor? Ambiguity in a Real Options Game

This page was built for publication: Strategic investment with positive externalities