preemption games, which often occur in the strategic real option literature. We provide a sound foundation for some workhorse …-perfect equilibria in preemption games and illustrate our findings by several explicit applications. …

preemption games, which often occur in the strategic real option literature. We provide a sound foundation for some workhorse …-perfect equilibria in preemption games and illustrate our findings by several explicit applications. …

preemption games, which often occur in the strategic real option literature. We provide a sound foundation for some workhorse …-perfect equilibria in preemption games and illustrate our findings by several explicit applications. …

show that both preemption and attrition can occur along typical equilibrium paths. In order to determine the attrition … show that there is always a positive probability of eventual preemption, contrasting the deterministic version of the model … in attrition and preemption regions. …

, the determination of equilibria with preemption is reduced to solving a single class of constrained stopping problems. The …

The seminal work of Fudenberg and Tirole (1985) on how preemption erodes the value of an option to wait raises general … result, relying on an "infinitely fine grid". Here it is shown that the preemption equilibrium is the limit of the unique …

show that both preemption and attrition can occur along typical equilibrium paths. In order to determine the attrition … show that there is always a positive probability of eventual preemption, contrasting the deterministic version of the model … in attrition and preemption regions. …

, the determination of equilibria with preemption is reduced to solving a single class of constrained stopping problems. The …