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Now showing items 1-10 of 15
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 ...
Uncertainty, Flexibility, and Real Options
(2011)
This chapter discusses the strategy formulation challenges encountered by firms when the underlying market is uncertain. Motivated by the uncertainty faced by European electric utilities, it discusses how real options ...
Market Structure Games: Static Approaches
(2011)
This chapter discusses static market structure games. It begins by describing the benchmark case of a monopolist, developing the basic building blocks for subsequent models. It then introduces static models of duopoly, ...
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
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 ...
The Strategy Challenge
(2011)
This chapter first discusses the changing corporate environment, highlighting the need for firms to be careful when formulating their corporate strategies in an uncertain, competitive environment. It then explains how an ...