Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
987252 | Review of Financial Economics | 2006 | 18 Pages |
Abstract
This paper illustrates the use of real options valuation and game theory principles to analyze prototypical investment opportunities involving important competitive/strategic decisions under uncertainty. It uses examples from innovation cases, alliances and acquisitions to discuss strategic and competitive aspects, relevant in a range of industries like consumer electronics and telecom. It particularly focuses on whether it is optimal to compete independently or coordinate/collaborate via strategic alliances.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Han T.J. Smit, Lenos Trigeorgis,