Art

J-GLOBAL ID：201802264708837866   Reference number：18A0184622

REAL OPTIONS AND SIGNALING IN STRATEGIC INVESTMENT GAMES

戦略的投資ゲームにおけるリアルオプションと情報伝達

Author (1)： Watanabe Takahiro (Tokyo Metropolitan University)
Material： Journal of the Operations Research Society of Japan  (日本オペレーションズ・リサーチ学会論文誌)
Volume： 61  Issue： 1  Page： 18-39(J-STAGE)  Publication year： 2018 
JST Material Number： G0402A  ISSN： 0453-4514  Document type： Article
Article type： 原著論文  Country of issue： Japan (JPN)  Language： ENGLISH (EN)

Thesaurus term： *distribution of information ,  *game theory ,  right ,  *Decision Making ,  selection ,  *investment ,  stage (period) ,  asymmetry ,  transaction ,  profit ,  Brownian motion ,  demand ,  mathematical model ,  fluctuation and variation ,  strategy ,  equilibrium ,  marginal cost ,  volatility ,  investment strategy ,  Signal Transduction ,  *theory
Semi thesaurus term： information transfer ,  real option ,  投資タイミング ,  asymmetric information

Author keywords (4)： Game theory ,  real option ,  investment timing ,  asymmetric information

JST classification (2)： Game thoery  (KA03060T) ,  Profit management  (KA05030A)

Reference (20)：

• [1] M.J. Brennan and E.S. Schwartz: Evaluating natural resource investments. The Journal of Business, 58 (1985), 135-157.
• [2] A.K. Dixit and R.S. Pindyck: Investment under Uncertainty. (Princeton University Press, 1994).
• [3] S.R. Grenadier: The strategic exercise of options: development cascades and overbuilding in real estate markets. Journal of Finance, 51 (1996), 1653-1679.
• [4] S.R. Grenadier: Information revelation through option exercise. The Review of Financial Studies, 12 (1999), 95-130.
• [5] S.R. Grenadier and A. Malenko: Real options signaling games with applications to corporate finance. Review of Financial Studies, 24 (2011), 3993-4036.

Terms in the title (5)： 戦略 ,  投資 ,  ゲーム ,  オプション ,  情報伝達