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Game Options

Author

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  • TUMELLANO SEBEHELA

    (WITS University, Johannesburg, 2000, South Africa)

Abstract

This article illustrates concurrent values emanating from mergers in the REIT industry as prior studies on REIT mergers focused only single merger outcome(s). Concurrent values are disentangled using game theory. Results illustrate in game options, there are more than one option value. Finally, option investors can use game options to design arbitrage strategies.

Suggested Citation

  • Tumellano Sebehela, 2017. "Game Options," Annals of Financial Economics (AFE), World Scientific Publishing Co. Pte. Ltd., vol. 12(03), pages 1-17, September.
    • Handle: RePEc:wsi:afexxx:v:12:y:2017:i:03:n:s2010495217500154
    DOI: 10.1142/S2010495217500154
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    References listed on IDEAS

    as
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    Keywords

    Gameoption; game theory;

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