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EBookClubs

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Book Competitive Strategy

Download or read book Competitive Strategy written by Benoit Chevalier-Roignant and published by MIT Press. This book was released on 2014-08-29 with total page 517 pages. Available in PDF, EPUB and Kindle. Book excerpt: A 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.

Book Bank of Japan Monetary and Economic Studies

Download or read book Bank of Japan Monetary and Economic Studies written by and published by . This book was released on 2001 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Asymmetric Information and the Market Structure of the Banking Industry

Download or read book Asymmetric Information and the Market Structure of the Banking Industry written by Mr.Giovanni Dell'Ariccia and published by International Monetary Fund. This book was released on 1998-06-01 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper analyzes the effects of informational asymmetries on the market structure of the banking industry in a multi-period model of spatial competition. All lenders face uncertainty with regard to borrowers’ creditworthiness, but, in the process of lending, incumbent banks gather proprietary information about their clients, acquiring an advantage over potential entrants. These informational asymmetries are an important determinant of the industry structure and may represent a barrier to entry for new banks. The paper shows that, in contrast with traditional models of horizontal differentiation, the steady-state equilibrium is characterized by a finite number of banks even in the absence of fixed costs.

Book Comparative Analyses of Expected Shortfall and Value at risk  2

Download or read book Comparative Analyses of Expected Shortfall and Value at risk 2 written by Toshinao Yoshiba and published by . This book was released on 2001 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Asset Prices  Financial Stability  and Monetary Policy

Download or read book Asset Prices Financial Stability and Monetary Policy written by Shigenori Shiratsuka and published by . This book was released on 2000 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Liquidity Demand and Asset Pricing

Download or read book Liquidity Demand and Asset Pricing written by Makoto Saito and published by . This book was released on 2001 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Developments in Land Prices and Bank Lending in Interwar Japan

Download or read book Developments in Land Prices and Bank Lending in Interwar Japan written by Takashi Nanjo and published by . This book was released on 2002 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Financial Crises as the Failure of Arbitrage

Download or read book Financial Crises as the Failure of Arbitrage written by Makoto Saito and published by . This book was released on 2000 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book The Disposition of Failed Japanese Bank Assets

Download or read book The Disposition of Failed Japanese Bank Assets written by Mark Spiegel and published by . This book was released on 2001 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Financial Stability  Deflation  and Monetary Policy

Download or read book Financial Stability Deflation and Monetary Policy written by Marvin Goodfriend and published by . This book was released on 2000 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book On the Validity of Value at risk

Download or read book On the Validity of Value at risk written by Yasuhiro Yamai and published by . This book was released on 2001 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Is There a Desirable Rate of Inflation

Download or read book Is There a Desirable Rate of Inflation written by Shigenori Shiratsuka and published by . This book was released on 2000 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Should Japanese Banks be Recapitalized

Download or read book Should Japanese Banks be Recapitalized written by Douglas Warren Diamond and published by . This book was released on 2000 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: