A theory of stopping time games with applications to product innovations and asset sales

DOI10.1007/BF01210269zbMath0818.90144MaRDI QIDQ1341470

Aldo Rustichini, Prajit K. Dutta

Publication date: 5 January 1995

Published in: Economic Theory (Search for Journal in Brave)

zbMATH Keywords

Markov perfect equilibriapure strategy subgame perfect equilibriastopping equilibriastopping time games

Mathematics Subject Classification ID

Stopping times; optimal stopping problems; gambling theory (60G40) Stochastic games, stochastic differential games (91A15) Games of timing (91A55)

Related Items (12)

Composition of R\& D and technological cycles ⋮ Subgame-perfect equilibria in stochastic timing games ⋮ Potential competition in preemption games ⋮ Super- and submodularity of stopping games with random observations ⋮ The interaction of debt financing, cash grants and the optimal investment policy under uncertainty ⋮ R \& D strategic investment in an asymmetrical case ⋮ Investment timing decisions in a stochastic duopoly model ⋮ Competitive real options under private information ⋮ Preemption with a second-mover advantage ⋮ Inefficiency of sponsored research ⋮ A competitive optimal stopping game ⋮ Preemption games under Lévy uncertainty

Cites Work

• Equilibrium exit in stochastically declining industries
• Discounted, positive, and noncooperative stochastic games
• Preemption and Rent Equalization in the Adoption of New Technology
• A Theory of Exit in Duopoly
• A Theory of Dynamic Oligopoly, I: Overview and Quantity Competition with Large Fixed Costs
• Nonzero-Sum Stochastic Differential Games With Stopping Times and Free Boundary Problems

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