Bieta, Volker; Broll, Udo; Milde, Hellmuth; Siebel, Wilfried - 2009
price are endogenously determined. -- Game theory ; Nash equilibrium ; option pricing ; real option …The mainstream model of option pricing is based on an exogenously given process of price movements. The implication of … this assumption is that price movements are not affected by actions of market participants. However, if we assume that …