Presents a real options and game-theoretic approach to corporate investment strategy under competition. Analysis of aspects of competition in a microeconomic framework; Forecasting of operating cash inflows based on economic rents or excess profits; Implications of results obtained.

corporate finance, game theory, investments, management
ERIM Top-Core Articles
FM journal of the Financial Management Association
Erasmus Research Institute of Management

Smit, J.T.J, & Ankum, L.A. (1993). A Real Option and a Game Theoretic Approach to Corporate Investment Strategy under Competition. FM journal of the Financial Management Association, 241–250. Retrieved from