A Note on the Welfare and Policy Implications of a Two-Period Real Option Game Under Imperfect Information

Congcong Wang; Yuhan Wang; Shanshan Chen; Shravan Luckraz; Bruno Antonio Pansera

doi:10.3390/g16010007

A Note on the Welfare and Policy Implications of a Two-Period Real Option Game Under Imperfect Information

Congcong Wang, Yuhan Wang, Shanshan Chen, Shravan Luckraz, Bruno Antonio Pansera

Research output: Journal Publication › Article › peer-review

Abstract

We show that the discrete real option game model proposed in the recent literature can be extended to the case of imperfect information. As a result, the model can cover a wider range of applications. However, we also observe that the effectiveness of implementing the subsidy is affected by the imperfect informational structure

Original language	English
Article number	7
Journal	Games
Volume	16
Issue number	1
DOIs	https://doi.org/10.3390/g16010007
Publication status	Published - 3 Feb 2025

Keywords

welfare
policy implications
two-period real option game
imperfect information

Access to Document

10.3390/g16010007

Cite this

@article{fbf04d73a3a149aea0694dae1ed7e024,

title = "A Note on the Welfare and Policy Implications of a Two-Period Real Option Game Under Imperfect Information",

abstract = "We show that the discrete real option game model proposed in the recent literature can be extended to the case of imperfect information. As a result, the model can cover a wider range of applications. However, we also observe that the effectiveness of implementing the subsidy is affected by the imperfect informational structure",

keywords = "welfare, policy implications, two-period real option game, imperfect information",

author = "Congcong Wang and Yuhan Wang and Shanshan Chen and Shravan Luckraz and Pansera, {Bruno Antonio}",

year = "2025",

month = feb,

day = "3",

doi = "10.3390/g16010007",

language = "English",

volume = "16",

journal = "Games",

issn = "2073-4336",

publisher = "Multidisciplinary Digital Publishing Institute (MDPI)",

number = "1",

}

TY - JOUR

T1 - A Note on the Welfare and Policy Implications of a Two-Period Real Option Game Under Imperfect Information

AU - Wang, Congcong

AU - Wang, Yuhan

AU - Chen, Shanshan

AU - Luckraz, Shravan

AU - Pansera, Bruno Antonio

PY - 2025/2/3

Y1 - 2025/2/3

N2 - We show that the discrete real option game model proposed in the recent literature can be extended to the case of imperfect information. As a result, the model can cover a wider range of applications. However, we also observe that the effectiveness of implementing the subsidy is affected by the imperfect informational structure

AB - We show that the discrete real option game model proposed in the recent literature can be extended to the case of imperfect information. As a result, the model can cover a wider range of applications. However, we also observe that the effectiveness of implementing the subsidy is affected by the imperfect informational structure

KW - welfare

KW - policy implications

KW - two-period real option game

KW - imperfect information

UR - https://doi.org/10.3390/g16010007

U2 - 10.3390/g16010007

DO - 10.3390/g16010007

M3 - Article

SN - 2073-4336

VL - 16

JO - Games

JF - Games

IS - 1

M1 - 7

ER -

A Note on the Welfare and Policy Implications of a Two-Period Real Option Game Under Imperfect Information

Abstract

Keywords

Access to Document

Other files and links

Fingerprint

Cite this