Learning and payoff externalities in an investment game

DOI10.1016/J.GEB.2019.11.006MaRDI QIDQ2291173zbMATH OpenOpenAlexWikidataFDO

Authors Chiara Margaria

Publication date 30 January 2020

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

Full work available at URL https://hdl.handle.net/2144/40471

zbMATH Keywords

irreversible investmentpayoff externalitiesreal optionwar of attrition

Mathematics Subject Classification ID

2-person games (91A05) Games of timing (91A55) Applications of game theory (91A80) Corporate finance (dividends, real options, etc.) (91G50)

Recommendations

• Investment timing and learning externalities
• Payoff externalities and social learning
• Information Revelation and Strategic Delay in a Model of Investment
• Investment dynamics with common and private values
• Delay and information aggregation in stopping games with private information

Cites work

• Dynamic coordination games
• Equilibrium Selection in Signaling Games
• Information Revelation and Strategic Delay in a Model of Investment
• Investment timing and learning externalities
• Learning and information aggregation in an exit game
• On games of strategic experimentation
• On the Diffusion of New Technology: A Game Theoretic Approach
• Ordinary differential equations and dynamical systems
• Preemption and Rent Equalization in the Adoption of New Technology
• Signaling Games and Stable Equilibria
• Strategic Experimentation with Exponential Bandits
• Subgame-perfect equilibria in stochastic timing games
• The War of Attrition in Continuous Time with Complete Information

Cited in

(12)

• Inefficiency of sponsored research
• Investment timing, agency and overconfidence
• Strategic investment and learning with private information
• Hiding and herding in market entry
• Learning to profit with discrete investment rules
• Learning and Intertemporal Incentives
• The effects of rivalry on scientific progress under public vs private learning
• Dynamic coordination with payoff and informational externalities
• Reputation, learning and project choice in frictional economies
• Strategic exits in stochastic partnerships: the curse of profitability
• Investments under strategic competition and uncertainty: a literature review on real option games
• Investment timing and learning externalities

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