Quasi-option Value under Strategic Interactions
We consider a simple two-period model of irreversible investment under strategic interactions between two players. In this setup, we show that the quasi-option value may cause some conceptual difficulties. In case of asymmetric information, decentralized investment decisions fail to induce first-bes...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2011
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soe_research/1261 https://ink.library.smu.edu.sg/context/soe_research/article/2260/viewcontent/qov_game_04_2011.pdf |
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| Institution: | Singapore Management University |
| Language: | English |
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