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

2 Citations (Scopus)

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

Free Keywords

welfare
policy implications
two-period real option game
imperfect information

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10.3390/g16010007

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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",

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doi = "10.3390/g16010007",

language = "English",

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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

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