Descripción del título
Technology Investment: A Ga...
The technology investment decision of an individual firm has become a very complex matter in recent years. One reason is the incredibly rapid progress of technological developments in the last decades. Another reason is the existence of and movement towards oligopolistic markets. In this book, several theoretical and technology investment models of the firm are developed and analyzed. To solve these models real options theory and game theory is used. The real options theory makes it possible to explicitly take into account (and value) the option value of waiting. Game theory is used to incorporate strategic interactions. Technology Investment extends the already existing real options models by the introduction of game theory. The game theory, or more specifically, the theory of timing games, is extended by the inclusion of stochastics
Monografía
monografia Rebiun38865050 https://catalogo.rebiun.org/rebiun/record/Rebiun38865050 m o d cr mnu---uuaaa 130107s2001 mau o 000 0 eng 968655553 9781475734232 electronic bk.) 1475734239 electronic bk.) 9781441949110 1441949119 1475734239 10.1007/978-1-4757-3423-2 doi AU@ 000051703494 NZ1 14989054 NZ1 15311805 DKDLA 820120-katalog:999914850605765 AU@ eng pn AU@ OCLCO GW5XE OCLCF UA@ COO OCLCQ EBLCP OCLCQ YDX UAB OCLCQ TKN LEAUB OCLCQ OCLCO OCLCQ OCLCO OCLCL OCLCQ KCA bicssc BUS069030 bisacsh 330.1 23 Huisman, Kuno J. M. Technology Investment: A Game Theoretic Real Options Approach by Kuno J.M. Huisman Boston, MA Springer US 2001 Boston, MA Boston, MA Springer US 1 online resource (ix, 262 pages) 1 online resource (ix, 262 pages) Text txt rdacontent computer c rdamedia online resource cr rdacarrier Theory and Decision Library, Series C: Game Theory, Mathematical Programming and Operations Research 0924-6126 28 1. Introduction -- I Decision Theoretic Models -- 2. Constant Investment Cost -- 3. Decreasing Investment Cost -- II Game Theoretic Adoption Models -- 4. One New Technology -- 5. Two New Technologies -- 6. Multiple New Technologies -- III Game Theoretic Real Option Models -- 7. One New Technology and Symmetric Firms -- 8. One New Technology and Asymmetric Firms -- 9. Two New Technologies -- Author Index The technology investment decision of an individual firm has become a very complex matter in recent years. One reason is the incredibly rapid progress of technological developments in the last decades. Another reason is the existence of and movement towards oligopolistic markets. In this book, several theoretical and technology investment models of the firm are developed and analyzed. To solve these models real options theory and game theory is used. The real options theory makes it possible to explicitly take into account (and value) the option value of waiting. Game theory is used to incorporate strategic interactions. Technology Investment extends the already existing real options models by the introduction of game theory. The game theory, or more specifically, the theory of timing games, is extended by the inclusion of stochastics Economics Industrial organization (Economic theory) International economic relations Economics Économie politique Économie industrielle economics. Economics. Industrial organization (Economic theory) International economic relations. Print version 9781441949110 Theory and decision library. Series C Game theory, mathematical programming, and operations research 28