Investment under uncertainty, coalition spillovers and market evolution in a game theoretic perspective
By: by Jacco Thijssen.
Series: Theory and decision library -- v.35
Publisher: Kluwer Academic Publishers
Published: 2004
Place of publication: Boston
Language: eng
Number of pages: 250
Subjects: Capital investments -- Mathematical models; Consolidation and merger of corporations -- Mathematical models; Game theory
Description: "Two crucial aspects of economic reality are uncertainty and dynamics. In this book, new models and techniques are developed to analyse economic dynamics in an uncertain environment. In the first part, investment decisions of firms are analysed in a framework where imperfect information regarding the investment's profitability is obtained randomly over time. In the second part, a new class of cooperative games, spillover games, is developed and applied to a particular investment problem under uncertainty: mergers. In the third part, the effect of bounded rationality on market evolution is analysed for oligopolistic competition and incomplete financial markets."--BOOK JACKET.
Notes: Includes bibliographical references (p.237-246) and indexes.