Investment under Uncertainty, Coalition Spillovers and Market Evolution in a Game Theoretic Perspective

Two crucial aspects of economic reality are uncertainty and dynamics. In this book, new models and techniques are developed to analyse economic dynamics in an uncertain environment. In the first part, investment decisions of firms are analysed in a framework where imperfect information regarding the investment's profitability is obtained randomly over time.In the second part, a new class of cooperative games, spillover games, is developed and applied to a particular investment problem under uncertainty: mergers. In the third part, the effect of bounded rationality on market evolution is analysed for oligopolistic competition and incomplete financial markets.Written for: Researchers, scientistsThe AuthorDr. Jacco J.J. Thijssen graduated in Econometrics from Tilburg University, Tilburg, The Netherlands in 1999. In the same year he also completed the Master s Program in Economics from CentER at the same university. After that, he carried out his Ph.D. research at the Department of Econometrics Operations Research, and CentER at Tilburg University. Since September 2003 he is a.liated as a Lecturer in Economics with the Department of Economics at Trinity College Dublin, Dublin, Ireland.