Arbeitspapier
Option Values in Sequential Markets
We consider competitive behaviour in sequential markets when current success or failure may affect the probability of future market opportunities. The analysis is conducted in a set up which may be interpreted as two private-value, sealed-bid, second-price sequential auctions. We demonstrate that whether agents price higher or lower than in the corresponding static context depends on the relative magnitudes of the 'winner's option value' and the 'loser's option value' of participating in the later market.
- Language
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Englisch
- Bibliographic citation
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Series: Memorandum ; No. 07/1998
- Classification
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Wirtschaft
Market Structure, Pricing, and Design: Oligopoly and Other Forms of Market Imperfection
Auctions
- Subject
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auctions
- Event
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Geistige Schöpfung
- (who)
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von der Fehr, N.-H. M.
Riis, C.
- Event
-
Veröffentlichung
- (who)
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University of Oslo, Department of Economics
- (where)
-
Oslo
- (when)
-
1998
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- von der Fehr, N.-H. M.
- Riis, C.
- University of Oslo, Department of Economics
Time of origin
- 1998
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Limited Liability and Option Contracts in Models with Sequential Investments
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Indeterminacy of rational expectations equilibria in sequential financial markets
Stochastic optimization of trading strategies in sequential electricity markets
Sequential bargaining with pure common values and incomplete information on both sides
Asymmetric information about volatility and option markets
Sequential Auctions with Generalized Interdependent Values
Sequential bargaining with pure common values
Sequential markets, market power and arbitrage
Decoding restricted participation in sequential electricity markets
Perceived and actual option values of college enrollment
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Limited Liability and Option Contracts in Models with Sequential Investments
A sequential quadratic programming method for volatility estimation in option pricing
Indeterminacy of rational expectations equilibria in sequential financial markets
Stochastic optimization of trading strategies in sequential electricity markets
Sequential bargaining with pure common values and incomplete information on both sides
Asymmetric information about volatility and option markets
Sequential Auctions with Generalized Interdependent Values
Sequential bargaining with pure common values
Sequential markets, market power and arbitrage
Decoding restricted participation in sequential electricity markets
Perceived and actual option values of college enrollment
A general equilibrium model of environmental option values
Limited Liability and Option Contracts in Models with Sequential Investments
A sequential quadratic programming method for volatility estimation in option pricing
Indeterminacy of rational expectations equilibria in sequential financial markets
Stochastic optimization of trading strategies in sequential electricity markets
Sequential bargaining with pure common values and incomplete information on both sides