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Now showing items 1-10 of 18
Leadership and Early-Mover Advantage
(The MIT Press, 2011)
This chapter shows how the pure-strategy Nash equilibria in investment games can exhibit a sequencing of investment timing. The chapter is organized as follows. Section 11.1 discusses the basic deterministic game-theoretic ...
Preemption versus Collaboration in a Duopoly
(The MIT Press, 2011)
This chapter examines preemptive investments and the possibility of tacit collusion among firms, delaying investment until a later date. It first presents the original deterministic model by Fudenberg and Tirole (1985) to ...
Competitive Strategy : Options and Games
(The MIT Press, 2011)
Corporate managers who face both strategic uncertainty and market uncertainty confront a classic trade-off between commitment and flexibility. They can stake a claim by making a large capital investment today, influencing ...
Financial Optimization.
(Cambridge University Press, 2010)
An empirical analysis of changes in the relative timeliness of issuer-paid vs. investor-paid
(Manchester, 2013)
We investigate the lead-lag relationships between issuer- and investor-paid credit rating agencies, in the aftermath of the regulatory reforms undertaken in the U.S. between 2002 and 2006 - including watch list inclusions ...
Sovereign debt rating changes and the stock market
(Centre for Economic Policy Research, 2012)
Extensions and Other Applications
(The MIT Press, 2011)
This chapter discusses new developments and applications of option games. The chapter is organized as follows. Section 13.1 deals with early approaches where competitive entry decisions are treated exogenously. Sections ...
Oligopoly: Simultaneous Investment
(The MIT Press, 2011)
This chapter extends the analysis began in Chapter 9 which was about simultaneous investment oligopoly markets. It considers the following industry structures: oligopoly situations where firms add capacity in lump sums