Preemptive investment under uncertainty

DOI10.1016/j.geb.2018.03.009zbMath1400.91646arXiv1511.03863OpenAlexW2123277024MaRDI QIDQ1651227

Jan-Henrik Steg

Publication date: 12 July 2018

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

Full work available at URL: https://arxiv.org/abs/1511.03863

zbMATH Keywords

optimal stoppingreal optionspreemptionsubgame-perfect equilibriumirreversible investment

Mathematics Subject Classification ID

Games in extensive form (91A18) Stopping times; optimal stopping problems; gambling theory (60G40) Corporate finance (dividends, real options, etc.) (91G50)

Related Items (5)

Markov perfect equilibria in multi-mode differential games with endogenous timing of mode transitions ⋮ On identifying subgame-perfect equilibrium outcomes for timing games ⋮ Strategic investment with positive externalities ⋮ Fear of the Market or Fear of the Competitor? Ambiguity in a Real Options Game ⋮ Preemption with a second-mover advantage

Cites Work

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• Developing real option game models
• Symmetric equilibrium strategies in game theoretic real option models
• Trees and extensive forms
• Continuous-time games of timing
• Preemption games under Lévy uncertainty
• Subgame-perfect equilibria in stochastic timing games
• Extensive Form Games in Continuous Time: Pure Strategies
• Preemption and Rent Equalization in the Adoption of New Technology
• On the Diffusion of New Technology: A Game Theoretic Approach
• Continuous-Time Dynkin Games with Mixed Strategies
• Strategic Delay in a Real Options Model of R&D Competition

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