A theory of stopping time games with applications to product innovations and asset sales
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Publication:1341470
DOI10.1007/BF01210269zbMath0818.90144MaRDI QIDQ1341470
Aldo Rustichini, Prajit K. Dutta
Publication date: 5 January 1995
Published in: Economic Theory (Search for Journal in Brave)
Markov perfect equilibriapure strategy subgame perfect equilibriastopping equilibriastopping time games
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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