Real options and games: Competition, alliances and other applications of valuation and strategy

Han T.J. Smit and Lenos Trigeorgis

Review of Financial Economics, 2006, vol. 15, issue 2, 95-112

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.

Date: 2006
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https://doi.org/10.1016/j.rfe.2005.12.001

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Persistent link: https://EconPapers.repec.org/RePEc:wly:revfec:v:15:y:2006:i:2:p:95-112

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