IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-3-319-44374-4_23.html
   My bibliography  Save this book chapter

Dynamic Games in Finance

In: Handbook of Dynamic Game Theory

Author

Listed:
  • Michèle Breton

    (HEC Montréal)

Abstract

Finance is a discipline that encompasses all the essential ingredients of dynamic games, through the involvement of investors, managers, and financial intermediaries as players who have competing interests and who interact strategically over time. This chapter presents various applications of dynamic game models used in the broad area of finance, with the objective of illustrating the scope of possibilities in this field. Both corporate and investment finance applications are presented. Topics covered include game options and their use as financial instruments, bankruptcy games and their association with the valuation of debt and equity, and dynamic game models used to explain empirical observations about the financial decisions made by firms, for instance, on capital structure, dividend payments, and investment choices. In each case, the presentation highlights the game’s various ingredients, the choice of the equilibrium concept, and the solution approach used. The chapter’s focus is on the contributions made by dynamic game models to financial theory and practice.

Suggested Citation

  • Michèle Breton, 2018. "Dynamic Games in Finance," Springer Books, in: Tamer Başar & Georges Zaccour (ed.), Handbook of Dynamic Game Theory, chapter 19, pages 827-863, Springer.
    • Handle: RePEc:spr:sprchp:978-3-319-44374-4_23
    DOI: 10.1007/978-3-319-44374-4_23
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a
    for a similarly titled item that would be available.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-3-319-44374-4_23. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.