Investment under uncertainty, coalition spillovers and market evolution in a game theoretic perspective / by Jacco Thijssen.

Format:

Book

Author/Creator:

Thijssen, Jacco J. J.

Series:

Theory and decision library. Game theory, mathematical programming, and operations research ; Series C, v.35.

Theory and decision library. Series C, Game theory, mathematical programming, and operations research ; v.35

Language:

English

Subjects (All):

Capital investments--Mathematical models.

Capital investments.

Consolidation and merger of corporations--Mathematical models.

Consolidation and merger of corporations.

Game theory.

Physical Description:

xi, 250 pages : illustrations ; 25 cm.

Place of Publication:

Boston : Kluwer Academic Publishers, [2004]

Summary:

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.

Notes:

Includes bibliographical references (pages 237-246) and indexes.

ISBN:

1402078773

OCLC:

55138651