![]() Hot Wheels Monster Jam Rev Treds 2 Pack - Donkey Kong - Damation Mutt 1/55 $49.41 Hot Wheels Monster Jam Rev Treds 2 Pack - Donkey Kong - Damation Mutt 1/55 ![]() Giganto: The Real King Kong DVD Examine the fossil record for clues to the life and habits of an ancient ape which may have stood over ten feet tall.See what is known about the ancient ape that may have inspired the legend of King Kong.Scientists attempt to link fossil evidence to modern-day animals.An evolutionary mystery unfolds as experts cross continents in search of an awesome creature. ![]() Real options in strategic investment games between two asymmetric firms [An article from: European Journal of Operational Research] $7.95 This digital document is a journal article from European Journal of Operational Research, published by Elsevier in 2007. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser. Description: This paper examines strategic investment games between two firms that compete for optimal entry in a project that generates uncertain revenue flows. Under asymmetry on both the sunk cost of investment and revenue flows of the two competing firms, we investigate the value of real investment options and strategic interaction of investment decisions. Compared to earlier models that only allow for asymmetry on sunk cost, our model demonstrates a richer set of strategic interactions of entry decisions. We provide a complete characterization of pre-emptive, dominant and simultaneous equilibriums by analyzing the relative value of leader's and follower's optimal investment thresholds. In a duopoly market with negative externalities, a firm may reduce loss of real options value by selecting appropriate pre-emptive entry. When one firm has a dominant advantage over its competitor, both the dominant firm and dominated firm enter at their respective leader's and follower's optimal thresholds. When the pre-emptive thresholds of both firms happen to coincide, the two firms enter simultaneously. Under positive externalities, firms do not compete to lead. |
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