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 a game situation. By reinterpreting the AFHH option value as a change in the surplus from conservation because of the prospect of future information, we deal with a 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 2013
Subjects:
Irreversibility
quasi-option value
uncertainty
value of information
Behavioral Economics
Strategic Management Policy
Online Access:https://ink.library.smu.edu.sg/soe_research/1517
https://ink.library.smu.edu.sg/context/soe_research/article/2516/viewcontent/Arrow_fisher_Hanemann_Henry_and_Dixit_Pindyck_Option_Values_Under_Strategic_Interactions.pdf
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Institution: Singapore Management University
Language: English

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https://ink.library.smu.edu.sg/soe_research/1517
https://ink.library.smu.edu.sg/context/soe_research/article/2516/viewcontent/Arrow_fisher_Hanemann_Henry_and_Dixit_Pindyck_Option_Values_Under_Strategic_Interactions.pdf

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