References
- Antoci , A. , Sacco , P.L. and Scarpa , C. 2005 . Flexibility choices and oligopolistic competition in an evolutionary environment . Journal of Economics Dynamics & Control , 29 : 1643 – 1671 .
- Bourreau , M. 2004 . The impact of uncertainty about demand growth on preemption . Journal of Economics and Business , 56 : 363 – 376 .
- Cottrell , T. and Sick , G. 2001 . First mover (dis-)advantage and real options . Journal of Applied Corporate Finance , 14 : 41 – 45 .
- Cottrell , T. and Sick , G. 2002 . Real options and follower strategies: the loss of real option value to first-mover advantage . The Engineering Economist , 47 : 232 – 263 .
- Dixit , A. and Pindyck , R.S. 1994 . Investment under Uncertainty , Princeton : Princeton University Press .
- Grenadier , S. 2002 . Optionexercise games: an application to the equilibrium investment strategies of firms . The Review of Financial Studies , 15 : 691 – 721 .
- Ito , K. 1951 . On stochastic differential equation . Memories American Mathematical Society , 4 : 1 – 51 .
- Keswani , A. and Shackleton , M. 2006 . How real option disinvestment flexibility augments project NPV . European Journal of Operational Research , 168 : 240 – 252 .
- Kulatilaka , N. and Perotti , E. 1998 . Strategic growth options . Management Science , 44 : 1021 – 1031 .
- Nielsen , M.J. 2002 . Competition and irreversible investments . International Journal of Industrial Organization , 20 : 731 – 743 .
- Paxson , D. and Pinto , H. 2005 . Rivalry under price and quantity uncertainty . Review of Financial Economics , 14 : 209 – 224 .
- Wang , K. and Zhou , Y. 2006 . Equilibrium real options exercise strategies with multiple players: the case of real estate markets . Real Estate Economics , 34 : 1 – 49 .