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Measuring Risk under Uncertainty and Competition, Game Theotetical Approach to Real Option Valuation

Research Project

Project/Area Number 17510128
Research Category

Grant-in-Aid for Scientific Research (C)

Allocation TypeSingle-year Grants
Section一般
Research Field Social systems engineering/Safety system
Research InstitutionChuo University (2006-2007)
Iwate Prefectural University (2005)

Principal Investigator

FURUKAWA Koichi  Chuo University, Faculty of Policy Studies, Professor (20016455)

Co-Investigator(Kenkyū-buntansha) WATANABE Takahiro  Tokyo Metropolitan Univeersity, Graduat School of Social Sciences, Professor (70220895)
IMAI Junichi  Tohoku University, Gradua School of Economics and Management, Associate Professor (10293078)
KOIDA Nobuo  Iwate Prefectural Uniyersity, Depattment of Policy Studies, Assistant Professor (30363724)
Project Period (FY) 2005 – 2007
Project Status Completed (Fiscal Year 2007)
Budget Amount *help
¥3,600,000 (Direct Cost: ¥3,300,000、Indirect Cost: ¥300,000)
Fiscal Year 2007: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
Fiscal Year 2006: ¥700,000 (Direct Cost: ¥700,000)
Fiscal Year 2005: ¥1,600,000 (Direct Cost: ¥1,600,000)
KeywordsValuation of Risk / Real Option / Simulation / Theory of Game / Valuation of Business / 新しい会社法
Research Abstract

Iwate Prefectural Uniyersity, Depattment of Policy Studies, Assistant Professor The purpose of the research was to develop a valuation model of firms' projects under uncertainty and competition, incorporating the real option approach to game theory. The real option approach can take the value of flexibility embedded in the real investment into account while the game theory can analyze the effect of rival firms' behavior and derive the equilibrium strategy in the presence of the competition.
We first extended the two-stage model, which was developed in our previous research, to a multi-stage decision model when the sequential and simultaneous games were considered that leads to the following two papers.
A Numerical Approach for Real Option Values and Equilibrium Strategies in a Duopoly
The Investment Game under Uncertainty : An Analysis of Equilibrium Values in the Presence of First or Second Mover Advantage
We also examine a flexibility trap which represents a phenomenon where a player who … More has an option to invest lose her advantage just because she has the flexibility though the option always increases the value of the investment for the firm if the competition is not considered . We published a paper.
Real option and flexibility trap under competition(written in Japanese)in which the equilibrium selection theory is used to lead the unique outcome corresponding to a flexibility trap. Our research contribution has presented in many places that includes four years consecutive presentations at Annual Real Options Conference held all over the world. Furthermore, the head investigator organized workshops in 2005(Workshop on Measuring Risk under a competitive environment at Iwate Prefectural University)and in 2006(Workshop on Real Options and Game Theory at Chuo University)where all the members of this project talked each research contribution, respectively.
The investigators of this research helped establish a new academic society The Japan Association of Real Options and Strategy(JAROS), which was established in 2006. They are now leading members of the association who also join the management of the committee. Less

Report

(4 results)
  • 2007 Annual Research Report   Final Research Report Summary
  • 2006 Annual Research Report
  • 2005 Annual Research Report
  • Research Products

    (80 results)

All 2007 2006 2005 Other

All Journal Article (22 results) (of which Peer Reviewed: 4 results) Presentation (52 results) Book (2 results) Remarks (4 results)

  • [Journal Article] リアルオプションとゲーム理論:コミットメントかオプションか2007

    • Author(s)
      渡辺 隆裕
    • Journal Title

      リアルオプションと戦略 Vo.1

      Pages: 35-39

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Journal Article] 競争状況下でのリアルオプションと柔軟性の罠2007

    • Author(s)
      今井 潤一, 渡辺 隆裕
    • Journal Title

      現代ファイナンス 22

      Pages: 75-95

    • NAID

      130007528283

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2007 Annual Research Report 2007 Final Research Report Summary
    • Peer Reviewed
  • [Journal Article] The Investment Game under Uncertainty:An Analysis of Equilibrium Values in the Presence of First or Second Mover Advantage2007

    • Author(s)
      Junichi Imai and Takahiro Watanabe
    • Journal Title

      Stochastic Processes and Applications to Mathematical Finance:Proceedings of the 6th Ritsumeikan Conference

      Pages: 151-172

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2007 Final Research Report Summary
    • Peer Reviewed
  • [Journal Article] Option or Commitment.(in Japanese)2007

    • Author(s)
      Takahiro, Watanabe, Real, Options, Game, Theory
    • Journal Title

      Real Options and Strategy Vol. 1

      Pages: 35-39

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Journal Article] Real Options and Flexibility Trap under Competition(in Japanese)2007

    • Author(s)
      Junichi, Imai, Takahiro, Watanabe
    • Journal Title

      Gendai Finance Vol. 22

      Pages: 75-95

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Journal Article] The Investment Game under Uncertainty : An Analysis of Equilibrium Values in the Presence of First or Second Mover Advantage2007

    • Author(s)
      Junichi, Imai, Takahiro, Watanabe
    • Journal Title

      Stochastic Processes and Applications to Mathematical Finance : Proceedings of the 6th Ritsumeikan Conference

      Pages: 151-172

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Journal Article] リアルオプションとゲーム理論:コミットメシトかオプションか2007

    • Author(s)
      渡辺 隆裕
    • Journal Title

      リアルオプションと戦略 Vo.1

      Pages: 35-39

    • Related Report
      2007 Annual Research Report
  • [Journal Article] The Investment Game under Uncertainty:An Analysis of Equilibrium Values in the Presence of First or Second Mover Advantage2007

    • Author(s)
      Junichi Imai and Takahiro Watanabe
    • Journal Title

      Stochasitic Processes and Applications to Mathematical Finace:Proceedings of the 6th Ritsumeikan Conference

      Pages: 151-172

    • Related Report
      2007 Annual Research Report
    • Peer Reviewed
  • [Journal Article] リアルオプションとゲーム理論 : コミットメントかオプションか2007

    • Author(s)
      渡辺隆裕
    • Journal Title

      リアルオプションと戦略 Vol. 1

      Pages: 35-39

    • Related Report
      2006 Annual Research Report
  • [Journal Article] リアルオプションとゲーム理論の融合による投資評価2006

    • Author(s)
      渡辺 隆裕
    • Journal Title

      中井透編著「価値創造のマネジメント」第12章, 文眞堂

      Pages: 183-194

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Journal Article] Cheating in Second Price Auctions with Affiliated Values2006

    • Author(s)
      Yamato Takehiko and Takahiro Watanabe
    • Journal Title

      Proceedings of IEEE Pacific Rim International Workshop on Electronic Commerce(PRIWEC 2006)

      Pages: 73-84

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2007 Final Research Report Summary
    • Peer Reviewed
  • [Journal Article] リアルオプションとゲーム理論を融合する2006

    • Author(s)
      今井 潤一, 渡辺 隆裕
    • Journal Title

      日本リアルオプション学会編「リアルオプションと経営戦略の新展開」第3章, シグマベイスキャピタル

      Pages: 65-86

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Journal Article] Project Valuation Using Real Option and Game Theory(in Japanese)2006

    • Author(s)
      Takahiro, Watanabe
    • Journal Title

      Value Creating Management, edited by Nakai, ch12

      Pages: 183-194

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Journal Article] Cheating in Second Price Auctions with Affiliated Values2006

    • Author(s)
      Yamato, Takehiko, Takahiro, Watanabe
    • Journal Title

      Proceedings of IEEE Pacific Rim International Workshop on Electronic Commerce(PRIWEC2006)

      Pages: 73-84

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Journal Article] Combining Real Optior Analysis with Game Theory(in Japanese)2006

    • Author(s)
      Junichi, Imai, Takahiro, Watanabe
    • Journal Title

      New Frontier of Real Options and Management Strategy, edited by JAROS

      Pages: 65-86

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Journal Article] リアルオプションとゲーム理論の融合による投資評価2006

    • Author(s)
      渡辺隆裕
    • Journal Title

      「価値創造のマネジメント」第12章(中井透編著)(文眞堂)

      Pages: 183-194

    • Related Report
      2006 Annual Research Report
  • [Journal Article] Cheating in Second Price Auctions with Affiliated Values2006

    • Author(s)
      Yamato Takehiko, Takahiro Watanabe
    • Journal Title

      Proceedings of IEEE Pacific Rim International Workshop on Electronic Commerce (PRIWEC2006)

      Pages: 73-84

    • Related Report
      2006 Annual Research Report
  • [Journal Article] リアルオプションとゲーム理論を融合する2006

    • Author(s)
      今井潤一, 渡辺隆裕
    • Journal Title

      日本リアルオプション学会編「リアルオプションと経営戦略の新展開」第3章、シグマベイスキャピタル

      Pages: 65-86

    • Related Report
      2006 Annual Research Report
  • [Journal Article] 企業の社会的責任と情報公開-ゲーム理論の観煮から2005

    • Author(s)
      渡辺 隆裕
    • Journal Title

      ESP 403

      Pages: 23-26

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Journal Article] Corporate social responsibility and information disclosure(in Japanese)2005

    • Author(s)
      Takahiro, Watanabe
    • Journal Title

      ESP 403

      Pages: 23-26

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Journal Article] 企業の社会的責任と情報公開-ゲーム理論の観点から2005

    • Author(s)
      渡辺隆裕
    • Journal Title

      ESP 403

      Pages: 23-26

    • Related Report
      2005 Annual Research Report
  • [Journal Article] 新会社法と資本コスト経営2005

    • Author(s)
      古川 浩一
    • Journal Title

      企業会計 Vol.57,No.12

      Pages: 71-76

    • Related Report
      2005 Annual Research Report
  • [Presentation] リアルオプション研究におけるゲーム理論が果たす2つの役割-競争と協調、情報の伝達2007

    • Author(s)
      渡辺 隆裕
    • Organizer
      第4回企業金融工学フォーラム入門セミナー「ゲーム理論とリアルオプション」
    • Place of Presentation
      早稲田大学
    • Year and Date
      2007-12-17
    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Presentation] リアルオプション研究におけるゲーム理論力裸たす2つの役割-競争と筋調、情報の伝達2007

    • Author(s)
      渡辺 隆裕
    • Organizer
      第4回企業金融工学フォーラム 入門セミナー「ゲーム理論とリアルオプション」
    • Place of Presentation
      早稲田大学
    • Year and Date
      2007-12-17
    • Related Report
      2007 Annual Research Report
  • [Presentation] Two points of the view for game theory in the annalysis of the real option : competition and cooperation, and information revelation2007

    • Author(s)
      Takahiro, Watanabe
    • Organizer
      4th workshop on financial engineering for firms
    • Place of Presentation
      Waseda University
    • Year and Date
      2007-10-17
    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Presentation] 追随企業の参入に障害が生じる不確実性下の複占投資モデル2007

    • Author(s)
      多辺 田将, 渡辺 隆裕
    • Organizer
      日本オペレーションズリサーチ学会
    • Place of Presentation
      政策研究大学院大学
    • Year and Date
      2007-09-27
    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2007 Annual Research Report 2007 Final Research Report Summary
  • [Presentation] Investment under uncertainty in a duopoly with a possibility of the entrance barrier for the follower.2007

    • Author(s)
      Masaru, Tabeta, Takahiro, Watanabe
    • Organizer
      The 2007 Fall National Conference of the Operations Research Society of Japan
    • Place of Presentation
      National Graduate Institute for Policy Studies
    • Year and Date
      2007-09-27
    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Presentation] Two-Stage Lotteries and Exponential Probability Capacities2007

    • Author(s)
      Nobuo Koida
    • Organizer
      European Economic Association/Econometric Society European Meeting
    • Place of Presentation
      Budapest,Hungary
    • Year and Date
      2007-08-31
    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Presentation] Two-Stage Acts and Exponential Probability Capacities2007

    • Author(s)
      Nobuo, Koida
    • Organizer
      European Economic Association/Econometric Society European Meeting
    • Place of Presentation
      Budapest, Hungary
    • Year and Date
      2007-08-31
    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Presentation] The Investment Game under Uncertainty:An Analysis of Equilibrium Values in the Presence of First or Second Mover Advantage2007

    • Author(s)
      Junichi Imai and Takahiro Watanabe
    • Organizer
      11th Annual Real Options Conference
    • Place of Presentation
      UC Berkeley,CA,USA
    • Year and Date
      2007-06-08
    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2007 Annual Research Report 2007 Final Research Report Summary
  • [Presentation] The Investment Game under Uncertainty : An Analysis of Equilibrium Values in the Presence of First or Second Mover Advantage2007

    • Author(s)
      Junichi, Imai, Takahiro, Watanabe
    • Organizer
      11th Annual Real Options Conference
    • Place of Presentation
      UC Berkeley, CA, USA
    • Year and Date
      2007-06-08
    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Presentation] Two-Stage Lotteries and Exponential Probability Capacities2007

    • Author(s)
      Nobuo Koida
    • Organizer
      Canadian Economic Association 41th Annual Meeting
    • Place of Presentation
      Dalhousie University,Halifax,Canada
    • Year and Date
      2007-06-01
    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Presentation] Two-Stage Acts and Exponential Probability Capacities2007

    • Author(s)
      Nobuo, Koida
    • Organizer
      Canadian Economic Association 41th Annual Meeting
    • Place of Presentation
      Dalhousie University, Halifax, Canada
    • Year and Date
      2007-06-01
    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Presentation] リアルオプション分析の現状2007

    • Author(s)
      今井 潤一
    • Organizer
      RISK WORKSHOP「リアルオプション・アプローチによる新しい経営戦略の可能性」「リスク評価とリアルオプション」研究会
    • Place of Presentation
      名古屋市立大学
    • Year and Date
      2007-02-03
    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Presentation] Recent studies of the real option analysis(in Japanese)2007

    • Author(s)
      Junichi, Imai
    • Organizer
      Risk' workshop on a possibility of new development of managerial strategy
    • Place of Presentation
      Nagoya City University
    • Year and Date
      2007-02-03
    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Presentation] クールノー競争下での不確実性を考慮した投資の意思決定2006

    • Author(s)
      海老 名剛, 渡辺 隆裕
    • Organizer
      リアルオプション学会2006年研究発表会
    • Place of Presentation
      早稲田大学
    • Year and Date
      2006-11-11
    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Presentation] 需要の不確実性と価格競争を考慮した企業の投資戦略2006

    • Author(s)
      高 泳, 渡辺 隆裕
    • Organizer
      リアルオプション学会2006年研究発表会
    • Place of Presentation
      早稲田大学
    • Year and Date
      2006-11-11
    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Presentation] Investment decision under uncertainty and Coumot competition2006

    • Author(s)
      Takeshi, Ebina, Takahiro, Watanabe
    • Organizer
      The 2006 National Conference of the Japan Association of Real Options and Strategy
    • Place of Presentation
      Waseda University
    • Year and Date
      2006-11-11
    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Presentation] Investment strategies of the firms under uncertainty of the demand and price competition2006

    • Author(s)
      Ei, Gao, Takahiro, Watanabe
    • Organizer
      The 2006 National Conference of the Japan Association of Real Options and Strategy
    • Place of Presentation
      Waseda University
    • Year and Date
      2006-11-11
    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Presentation] リアル・オプションの概要と最近の研究動向2006

    • Author(s)
      今井 潤一
    • Organizer
      ワークショップ「リアル・オプションとゲーム理論」
    • Place of Presentation
      中央大学
    • Year and Date
      2006-07-22
    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Presentation] リアルオプションとゲーム理論:コミットメントかオプションか2006

    • Author(s)
      渡辺 隆裕
    • Organizer
      ワークショップ「リアル・オプションとゲーム理論」
    • Place of Presentation
      中央大学
    • Year and Date
      2006-07-22
    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Presentation] ゲーム理論の意義2006

    • Author(s)
      小井田 伸雄
    • Organizer
      ワークショップ「リアル・オプションとゲーム理論」
    • Place of Presentation
      中央大学
    • Year and Date
      2006-07-22
    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Presentation] リアル・オプション評価のM&Aに対する応用可能性2006

    • Author(s)
      古川 浩一
    • Organizer
      ワークショップ「リアル・オプションとゲーム理論」
    • Place of Presentation
      中央大学
    • Year and Date
      2006-07-22
    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Presentation] Introduction and recent development of real options analyses(in Japanese)2006

    • Author(s)
      Junichi, Imai
    • Organizer
      Workshop on Real Options and Game Theory
    • Place of Presentation
      Chuo University
    • Year and Date
      2006-07-22
    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Presentation] Real Options and Game Theory : Option? or Commitment?(in Japanese)2006

    • Author(s)
      Takahiro, Watanabe
    • Organizer
      Workshop on Real Options and Game Theory
    • Place of Presentation
      Chuo University
    • Year and Date
      2006-07-22
    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Presentation] The Significance of Game Theory(in Japanese)2006

    • Author(s)
      Nobuo, Koida
    • Organizer
      Workshop on Real Options and Game Theory
    • Place of Presentation
      Chuo University
    • Year and Date
      2006-07-22
    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Presentation] Valuing Switching Options by Simulation and an Application to Oil Refinery2006

    • Author(s)
      Junichi Imai
    • Organizer
      10th Annual International Conference on Real Options
    • Place of Presentation
      Columbia University,New York,United States
    • Year and Date
      2006-06-14
    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Presentation] Valuing Switching Options by Simulation and an Application to Oil Refinery2006

    • Author(s)
      Junichi, Imai
    • Organizer
      10th Annual International Conference on Real Options
    • Place of Presentation
      Columbia University, New York, United States
    • Year and Date
      2006-06-14
    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Presentation] リアルオプションとゲーム理論:コミットメントかオプションか2006

    • Author(s)
      渡辺 隆裕
    • Organizer
      日本リアルオプション学会 第1回公開研究会
    • Place of Presentation
      早稲田大学
    • Year and Date
      2006-05-19
    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Presentation] Real Options and Game Theory : Option? or Commitment?.(in Japanese)2006

    • Author(s)
      Takahiro, Watanabe
    • Organizer
      Workshop of the Japan Association of Real Options and Strategy
    • Place of Presentation
      Waseda University
    • Year and Date
      2006-05-19
    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Presentation] リアルオプション-変化の激しい現代における戦略的な意思決定法-2006

    • Author(s)
      今井 潤一
    • Organizer
      日本証券アナリスト協会
    • Place of Presentation
      マツダホール,東京
    • Year and Date
      2006-05-15
    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Presentation] strategic decision making under uncertain environment(in Jpanese)2006

    • Author(s)
      Junichi, Imai, Real, options
    • Organizer
      Security Analysis Association of Japan
    • Place of Presentation
      Matsuda hall, Tokyo
    • Year and Date
      2006-05-15
    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Presentation] Moderation Premiums2006

    • Author(s)
      Nobuo Koida
    • Organizer
      Microeconomic Seminar, Collegio Carlo Alberto
    • Place of Presentation
      Collegio Carlo Alberto,Turin,Italy
    • Year and Date
      2006-05-05
    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Presentation] A Numerical Approach for Real Option Values and Equilibrium Strategies in Duopoly2006

    • Author(s)
      Junichi Imai and Takahiro Watanabe
    • Organizer
      Stochastic Processes and Applications to Mathematical Finance 2006
    • Place of Presentation
      Ritsumeikan University
    • Year and Date
      2006-03-07
    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Presentation] A Numerical Approach for Real Option Values and Equilibrium Strategies in Duopoly2006

    • Author(s)
      Junichi, Imai, Takahiro, Watanabe
    • Organizer
      Stochastic Processes and Applications to Mathematical Finance
    • Place of Presentation
      Ritsumeikan University
    • Year and Date
      2006-03-07
    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Presentation] A Numerical Approach for Real Option Values and Equilibrium Strategies in Duopoly2006

    • Author(s)
      Junichi Imai and Takahiro Watanabe
    • Organizer
      ISER SEMINAR SERIES:Winter 2006
    • Place of Presentation
      Osaka University
    • Year and Date
      2006-02-22
    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Presentation] A Numerical Approach for Real Option Values and Equilibrium Strategies in Duopoly2006

    • Author(s)
      Junichi, Imai, Takahiro, Watanabe
    • Organizer
      ISER SEMINAR SERIES : Winter
    • Place of Presentation
      Osaka University
    • Year and Date
      2006-02-22
    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Presentation] A Multi-Stage Investment Game with Real Option Analysis2005

    • Author(s)
      今井 潤一, 渡辺 隆裕
    • Organizer
      日本OR学会2005年度秋季大会
    • Place of Presentation
      神戸学院大学
    • Year and Date
      2005-09-15
    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Presentation] A Multi-Stage Investment Game with Real Option Analysis(in Japanese)2005

    • Author(s)
      Junichi, Imai, Takahiro, Watanabe
    • Organizer
      The 2005 Fall National Conference of the Operations Research Society of Japan
    • Place of Presentation
      Kobe Gakuin University
    • Year and Date
      2005-09-15
    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Presentation] A Multi-Stage Investment Game with Real Option Analysis2005

    • Author(s)
      今井 潤一
    • Organizer
      ワークショップ「競合状況下の定量的リスク評価法」
    • Place of Presentation
      岩手県立大学
    • Year and Date
      2005-08-05
    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Presentation] A Multi-Stage Investment Game with Real Option Analysis(in Japanse)2005

    • Organizer
      Workshop on Measuring Risk under a competitive environment
    • Place of Presentation
      Iwate Prefectural University
    • Year and Date
      2005-08-05
    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Presentation] チュートリアル:リアルオプションとは何か2005

    • Author(s)
      今井 潤一
    • Organizer
      ワークショップ「競合状況下の定量的リスク評価法」
    • Place of Presentation
      岩手県立大学
    • Year and Date
      2005-08-04
    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Presentation] A Two-Stage Investment Game with Real Option Analysis2005

    • Author(s)
      今井 潤一
    • Organizer
      ワークショップ「競合状況下の定量的リスク評価法」
    • Place of Presentation
      岩手県立大学
    • Year and Date
      2005-08-04
    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Presentation] What is real options? : A tutorial(in Japanse)2005

    • Author(s)
      Junichi, Imai
    • Organizer
      Workshop on Measuring Risk under a competitive environment
    • Place of Presentation
      Iwate Prefectural University
    • Year and Date
      2005-08-04
    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Presentation] A Two-Stage Investment Game with Real Option Analysis(in Japanese)2005

    • Author(s)
      Junichi, Imai
    • Organizer
      Workshop on Measuring Risk under a competitive environment
    • Place of Presentation
      Iwate Prefectural University
    • Year and Date
      2005-08-04
    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Presentation] A Multi-stage Investment Game in Real Option Analysis2005

    • Author(s)
      Junichi Imai and Takahiro Watanabe
    • Organizer
      2005 Daiwa International Workshop on Financial Engineering
    • Place of Presentation
      Sankei Plaza,Tokyo
    • Year and Date
      2005-07-22
    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Presentation] A Multi-stage Investment Game in Real Option Analysis2005

    • Author(s)
      Junichi, Imai, Takahiro, Watanabe
    • Organizer
      2005 Daiwa International Workshop on Financial Engineering
    • Place of Presentation
      Sankei Plaza, Tokyo
    • Year and Date
      2005-07-22
    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Presentation] リアル・オプション-不確実性下の最適な意思決定-2005

    • Author(s)
      今井 潤一
    • Organizer
      住友経営テクノロジーフォーラム
    • Place of Presentation
      大阪大学中之島センター
    • Year and Date
      2005-07-19
    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Presentation] Real options -Optimal decision under uncertainty-(in Japanese)2005

    • Author(s)
      Junichi, Imai
    • Organizer
      Sumitomo Management Technology Forum
    • Place of Presentation
      Osaka University
    • Year and Date
      2005-07-19
    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Presentation] A Multi-stage Investment Game in Real Option Analysis2005

    • Author(s)
      Junichi Imai and Takahiro Watanabe
    • Organizer
      9th Annual International Conference on Real Options
    • Place of Presentation
      EDC,Paris,France
    • Year and Date
      2005-06-24
    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Presentation] A Multi-stage Investment Game in Real Option Analysis2005

    • Author(s)
      Junichi, Imai, Takahiro, Watanabe
    • Organizer
      9th Annual International Conference on Real Options
    • Place of Presentation
      EDC, Paris, France
    • Year and Date
      2005-06-24
    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Presentation] 戦略的思考を取り入れたリアル・オプション-離散2時点モデルによる分析-2005

    • Author(s)
      今井 潤一, 渡辺 隆裕
    • Organizer
      日本ファイナンス学会第13回大会
    • Place of Presentation
      横浜国立大学
    • Year and Date
      2005-06-11
    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Presentation] Real options with strategic thinking -two stage model-(in Japanese)2005

    • Author(s)
      Junichi, Imai, Takahiro, Watanabe
    • Organizer
      13th NFA Annual Conference
    • Place of Presentation
      National University of Yokohama
    • Year and Date
      2005-06-11
    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Presentation] Microeconomics Seminar

    • Author(s)
      Nobuo Koida, Moderation, Premiums
    • Organizer
      Collegio Carlo Alberto
    • Place of Presentation
      Turin, Italy
    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Book] 基礎からのコーポレート・ファイナンス 第3版2006

    • Author(s)
      古川 浩一, 蜂谷 豊彦, 中里 宗敬, 今井 潤一
    • Total Pages
      346
    • Publisher
      中央経済社
    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Book] Introduction to Corporate Finance, 3rd Edition2006

    • Author(s)
      Koinchi, Furukawa, Toyohikiko, Hachiya, Munenori, Nakasato, Junichi, Imai
    • Total Pages
      346
    • Publisher
      ChuoKeizai-sha
    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2007 Final Research Report Summary
  • [Remarks] 「研究成果報告書概要(和文)」より

    • URL

      http://www.econ.tohoku.ac.jp/~jimai/

    • Related Report
      2007 Final Research Report Summary
  • [Remarks] 「研究成果報告書概要(和文)」より

    • URL

      http://www.nabenavi.net/

    • Related Report
      2007 Final Research Report Summary
  • [Remarks]

    • URL

      http://www.econ.tohoku.ac.jp/~jimai/

    • Related Report
      2007 Annual Research Report
  • [Remarks]

    • URL

      http://www.nabenavi.net/

    • Related Report
      2007 Annual Research Report

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Published: 2005-04-01   Modified: 2016-04-21  

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