• Book  

      Innovation Investment in Two-Stage Games 

      Chevalier-Roignant, Benoit; Trigeorgis, Lenos (The MIT Press, 2011)
      This chapter discusses the trade-off between commitment and flexibility in sequential investment settings. The focus is on two-stage competition models where real options analysis tools are combined with industry organization ...
    • Book  

      Option to Invest 

      Chevalier-Roignant, Benoit; Trigeorgis, Lenos (The MIT Press, 2011)
      This chapter develops a simple framework that lets managers analyze strategic investment and quantify flexibility in a competitive setting in relatively simple terms. It examines the monopolist’s deferral option to identify ...