000			01879nam a22001817a 4500
999			_c2282 _d2282
005			20220224183858.0
008			220224b ||||| |||| 00| 0 eng d
020			_a9788120351011
082			_a658.4012 _bCHE
100			_aChevalier-Roignant, Benoit _95160
245			_aCompetitive strategy: options and games
260			_bPHI Learning Pvt. Ltd. _aNew Delhi _c2015
300			_axxvii, 488 p.
365			_aINR _b650.00
520			_aA new paradigm for balancing flexibility and commitment in management strategy through the amalgamation of real options and game theory. Corporate managers who face both strategic uncertainty and market uncertainty confront a classic trade-off between commitment and flexibility. They can stake a claim by making a large capital investment today, influencing their rivals' behavior, or they can take a “wait and see” approach to avoid adverse market consequences tomorrow. In Competitive Strategy, Benoît Chevalier-Roignant and Lenos Trigeorgis describe an emerging paradigm that can quantify and balance commitment and flexibility, “option games,” by which the decision-making approaches of real options and game theory can be combined. The authors first discuss prerequisite concepts and tools from basic game theory, industrial organization, and real options analysis, and then present the new approach in discrete time and later in continuous time. Their presentation of continuous-time option games is the first systematic coverage of the topic and fills a significant gap in the existing literature. Competitive Strategy provides a rigorous yet pragmatic and intuitive approach to strategy formulation. It synthesizes research in the areas of strategy, economics, and finance in a way that is accessible to readers not necessarily expert in the various fields involved.
650			_aStrategy _95618
942			_2ddc _cBK