The authors describe a new approach to balancing flexibility and commitment in management strategy through the amalgamation of real options and game theory.OCLC-licensed vendor bibliographic record.
An examination of the relative value of securities in a corporation's capital structure, using the concept of contingent value analysis.In 1973, Fischer Black, Myron Scholes, and Robert Merton pointed out that securities issued by a corporation can be priced as claims whose values are contingent on the value of the enterprise as a whole. The notion of treating corporate securities as contingent…