Real options signaling games with applications to corporate finance
We study games in which the decision to exercise an option is a signal of private information to outsiders, whose beliefs affect the utility of the decision-maker. Signaling incentives distort the timing of exercise, and the direction of distortion depends on whether the decision-maker's utilit...
| Main Authors: | , |
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| 格式: | Article |
| 語言: | en_US |
| 出版: |
Oxford University Press
2012
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| 在線閱讀: | http://hdl.handle.net/1721.1/75378 https://orcid.org/0000-0002-6429-850X |