Preemption in a real option game with a first mover advantage and player-specific uncertainty

DOI10.1016/J.JET.2010.10.002MaRDI QIDQ617690zbMATH OpenOpenAlexFDO

Authors Jacco J. J. Thijssen

Publication date 13 January 2011

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jet.2010.10.002

zbMATH Keywords

preemptiontiming gamesrent equilizationstochastic shock

Mathematics Subject Classification ID

2-person games (91A05) Corporate finance (dividends, real options, etc.) (91G50) Stopping times; optimal stopping problems; gambling theory (60G40) Games of timing (91A55)

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Cites work

• Extensive Form Games in Continuous Time: Pure Strategies
• Irreversible investment and discounting: an arbitrage pricing approach
• Preemption and Rent Equalization in the Adoption of New Technology

Cited in

(13)

• Alertness, leadership, and nascent market dynamics
• Developing real option game models
• Investment under uncertainty, competition and regulation
• Symmetric equilibrium strategies in game theoretic real option models
• On the investment-uncertainty relationship in a real option model with stochastic volatility
• Preemption games under Lévy uncertainty
• Preemption with a second-mover advantage
• Rivalry and uncertainty in complementary investments with dynamic market sharing
• Competitive real options under private information
• Investment timing and capacity decisions with time-to-build in a duopoly market
• Strategic investment with positive externalities
• Fear of the market or fear of the competitor? Ambiguity in a real options game
• Strategic investment under incomplete information

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