Competitive Strategy by Avinash K Dixit - Bookswagon
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Competitive Strategy

Competitive Strategy


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About the Book

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.


About the Author: Benoît Chevalier-Roignant has been a management consultant for several years and currently is in a management position in the finance department of an international airline company.

Lenos Trigeorgis is the Bank of Cyprus Chair Professor of Finance in the School of Economics and Management at the University of Cyprus and Professor of Finance at King's College of the University of London. He is the author of Real Options (MIT Press), Strategic Investment, and other books.


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Product Details
  • ISBN-13: 9780262526715
  • Publisher: Mit Press
  • Publisher Imprint: Mit Press
  • Depth: 25
  • Height: 226 mm
  • No of Pages: 516
  • Series Title: Mit Press
  • Sub Title: Options and Games
  • Width: 147 mm
  • ISBN-10: 0262526719
  • Publisher Date: 29 Aug 2014
  • Binding: Paperback
  • Edition: Reprint
  • Language: English
  • Returnable: Y
  • Spine Width: 23 mm
  • Weight: 711 gr


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