Investment and operational decisions for start-up companies: a game theory and Markov decision process approach

This paper analyses the contract between an entrepreneur and an investor, using a non-zero sum game in which the entrepreneur is interested in company survival and the investor in maximizing expected net present value. Theoretical results are given and the model’s usefulness is exemplified using sim...

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Bibliographic Details
Published in:	Annals of operations research Vol. 299; no. 1-2; pp. 317 - 330
Main Authors:	Archibald, Thomas W., Possani, Edgar
Format:	Journal Article
Language:	English
Published:	New York Springer US 01.04.2021 Springer Springer Nature B.V
Subjects:	Business and Management Combinatorics Decision analysis Decision theory Entrepreneurship Game theory Investments Management Markov processes New business enterprises Operations research Operations Research/Decision Theory S.I.: Recent Developments in Financial Modeling and Risk Management Startups Theory of Computation Zero sum games United Kingdom Markov decision process Contract design Risk analysis Finance Start-up finance
ISSN:	0254-5330, 1572-9338
Online Access:	Get full text
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