This article develops an equilibrium framework for strategic option exercise games. I focus
on a particular example: the timing of real estate development. An analysis of the equilibrium …

This paper introduces incomplete information and preemption into an equilibrium model of
firms facing real investment decisions. The optimal investment strategy may lie anywhere …

By mixing concepts from both game theoretic analysis and real options theory, an
investment decision in a competitive market can be seen as a “game” between firms, as …

We analyze the optimal investment decisions of heterogeneous firms in a competitive,
uncertain environment, characterizing firms' investment strategies explicitly and deriving …

Anxiety in autism is an important treatment target because of its consequences for quality of
life and well-being. Growing evidence suggests that cognitive behaviour therapies and …

The combination of game theoretic analysis with the real options theory has been an active
area of research in the last decade. Game theory has been focus of great attention in the …

The value in real options comes from the firm's ability to wait until conditions are optimal
before moving forward with a project. There may be a loss of this optimal value if decision …

This paper provides an introduction to optimal investment rules in electricity generation. It
attempts to bring together methods commonly used in practice to assess electricity …

The persistence of excess vacancy has long been documented in the literature. We propose
that, because vacant land does not produce income, there is a tendency for developers to …

In this paper, we examine sequential exercise strategies by warrantholders and the gain
from hoarding warrants. We analyze several obstacles to acquiring large blocks in order to …