Arrow-Fisher-Hanemann-Henry and Dixit-Pindyck option values under strategic interactions

Arrow-Fisher-Hanemann-Henry and Dixit-Pindyck option values under strategic interactions

We extend the Arrow-Fisher-Hanemann-Henry (AFHH) and Dixit-Pindyck (DP) option values to game situations. By reinterpreting the AFHH option value as a change in the surplus from conservation because of the prospect of future information, we deal with the conceptual difficulty associated with the AFHH...

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Bibliographic Details
Main Authors: FUJII, Tomoki, ISHIKAWA, Ryuichiro
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2011
Subjects:
Irreversibility
Quasi-option values
Biodiversity
Uncertainty
Value of Information
Behavioral Economics
Strategic Management Policy
Online Access:https://ink.library.smu.edu.sg/soe_research/1314
https://ink.library.smu.edu.sg/context/soe_research/article/2313/viewcontent/afhh_vs_dp_42_.pdf
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Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/soe_research/1314
https://ink.library.smu.edu.sg/context/soe_research/article/2313/viewcontent/afhh_vs_dp_42_.pdf

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