Matches in SemOpenAlex for { <https://semopenalex.org/work/W2275332673> ?p ?o ?g. }
Showing items 1 to 85 of
85
with 100 items per page.
- W2275332673 endingPage "207" @default.
- W2275332673 startingPage "185" @default.
- W2275332673 abstract "Real-world competitive investment situations do not allow firms to choose exercise strategies in isolation. Optimal investment policies have to take into account the threat of pre-emption and the advantages that may accrue to the first entrant in the new market. These calculations cannot be conducted separately, but must be done as part of a strategic equilibrium. This chapter provides a model of strategic entry option exercise where the threat of pre-emption is severe. In the model, two competing firms have the option to enter a market with uncertain profitability. The option to enter is an American-style call option with an exercise price equal to the investment cost, and the underlying security is the profitability derived from operating in the market. However, the exercise of the option to enter by one firm has repercussions on the value of both competing firms' options. The firm to enter first has to sink the investment cost earlier, but can benefit from securing a higher market share than the competitor. The other firm (the follower) must then decide when it is optimal to sink the cost of investment so as to claim a share of the market lower than that of the first entrant. When the follower decides to enter, the underlying game ends and the resulting market structure is a duopoly where market sharing is an explicit function of the degree of pre-emption parameter." @default.
- W2275332673 created "2016-06-24" @default.
- W2275332673 creator A5009993491 @default.
- W2275332673 date "2003-01-01" @default.
- W2275332673 modified "2023-09-23" @default.
- W2275332673 title "The effect of first-mover's advantages on the strategic exercise of real options" @default.
- W2275332673 cites W1497179728 @default.
- W2275332673 cites W1503295912 @default.
- W2275332673 cites W1597558713 @default.
- W2275332673 cites W1965399019 @default.
- W2275332673 cites W1966119267 @default.
- W2275332673 cites W1971362499 @default.
- W2275332673 cites W1987806401 @default.
- W2275332673 cites W1993285897 @default.
- W2275332673 cites W1995226865 @default.
- W2275332673 cites W1995503011 @default.
- W2275332673 cites W2000856734 @default.
- W2275332673 cites W2025990488 @default.
- W2275332673 cites W2049095227 @default.
- W2275332673 cites W2095248654 @default.
- W2275332673 cites W2126258480 @default.
- W2275332673 cites W2157288643 @default.
- W2275332673 cites W2161107218 @default.
- W2275332673 cites W2341171179 @default.
- W2275332673 cites W3121705017 @default.
- W2275332673 cites W3123821384 @default.
- W2275332673 cites W3124536024 @default.
- W2275332673 doi "https://doi.org/10.1016/b978-075065332-9.50011-2" @default.
- W2275332673 hasPublicationYear "2003" @default.
- W2275332673 type Work @default.
- W2275332673 sameAs 2275332673 @default.
- W2275332673 citedByCount "5" @default.
- W2275332673 countsByYear W22753326732014 @default.
- W2275332673 countsByYear W22753326732015 @default.
- W2275332673 crossrefType "book-chapter" @default.
- W2275332673 hasAuthorship W2275332673A5009993491 @default.
- W2275332673 hasConcept C10138342 @default.
- W2275332673 hasConcept C121398111 @default.
- W2275332673 hasConcept C129361004 @default.
- W2275332673 hasConcept C144133560 @default.
- W2275332673 hasConcept C16051113 @default.
- W2275332673 hasConcept C162324750 @default.
- W2275332673 hasConcept C16520705 @default.
- W2275332673 hasConcept C175444787 @default.
- W2275332673 hasConcept C17744445 @default.
- W2275332673 hasConcept C180456769 @default.
- W2275332673 hasConcept C196276664 @default.
- W2275332673 hasConcept C199539241 @default.
- W2275332673 hasConcept C27548731 @default.
- W2275332673 hasConcept C40700 @default.
- W2275332673 hasConcept C94625758 @default.
- W2275332673 hasConceptScore W2275332673C10138342 @default.
- W2275332673 hasConceptScore W2275332673C121398111 @default.
- W2275332673 hasConceptScore W2275332673C129361004 @default.
- W2275332673 hasConceptScore W2275332673C144133560 @default.
- W2275332673 hasConceptScore W2275332673C16051113 @default.
- W2275332673 hasConceptScore W2275332673C162324750 @default.
- W2275332673 hasConceptScore W2275332673C16520705 @default.
- W2275332673 hasConceptScore W2275332673C175444787 @default.
- W2275332673 hasConceptScore W2275332673C17744445 @default.
- W2275332673 hasConceptScore W2275332673C180456769 @default.
- W2275332673 hasConceptScore W2275332673C196276664 @default.
- W2275332673 hasConceptScore W2275332673C199539241 @default.
- W2275332673 hasConceptScore W2275332673C27548731 @default.
- W2275332673 hasConceptScore W2275332673C40700 @default.
- W2275332673 hasConceptScore W2275332673C94625758 @default.
- W2275332673 hasLocation W22753326731 @default.
- W2275332673 hasOpenAccess W2275332673 @default.
- W2275332673 hasPrimaryLocation W22753326731 @default.
- W2275332673 hasRelatedWork W1539325443 @default.
- W2275332673 hasRelatedWork W1549022042 @default.
- W2275332673 hasRelatedWork W1597385243 @default.
- W2275332673 hasRelatedWork W2094009633 @default.
- W2275332673 hasRelatedWork W2114654659 @default.
- W2275332673 hasRelatedWork W2234891499 @default.
- W2275332673 hasRelatedWork W2380922409 @default.
- W2275332673 hasRelatedWork W2762538436 @default.
- W2275332673 hasRelatedWork W3026179176 @default.
- W2275332673 hasRelatedWork W3121540428 @default.
- W2275332673 isParatext "false" @default.
- W2275332673 isRetracted "false" @default.
- W2275332673 magId "2275332673" @default.
- W2275332673 workType "book-chapter" @default.