Quasi-option value under strategic interactions

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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Bibliographic Details
Main Authors: FUJII, Tomoki, ISHIKAWA, Ryuichiro
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2012
Subjects:
Biodiversity
Irreversibility
Quasi-option value
Uncertainty
Value of information
Behavioral Economics
Environmental Policy
Public Economics
Online Access:https://ink.library.smu.edu.sg/soe_research/1375
https://ink.library.smu.edu.sg/context/soe_research/article/2374/viewcontent/Quasi_optionValueStrategicInteractions_2011_pp.pdf
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Institution: Singapore Management University
Language: English

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https://ink.library.smu.edu.sg/soe_research/1375
https://ink.library.smu.edu.sg/context/soe_research/article/2374/viewcontent/Quasi_optionValueStrategicInteractions_2011_pp.pdf

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