{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2025,10,10]],"date-time":"2025-10-10T00:49:36Z","timestamp":1760057376636,"version":"build-2065373602"},"reference-count":17,"publisher":"MDPI AG","issue":"1","license":[{"start":{"date-parts":[[2025,2,3]],"date-time":"2025-02-03T00:00:00Z","timestamp":1738540800000},"content-version":"vor","delay-in-days":0,"URL":"https:\/\/creativecommons.org\/licenses\/by\/4.0\/"}],"funder":[{"name":"Zhejiang Provincial Natural Science Foundation of China","award":["LMS25G030001"],"award-info":[{"award-number":["LMS25G030001"]}]}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["Games"],"abstract":"<jats:p>We show that the discrete real option game model proposed in the recent literature can be extended to the case of imperfect information. As a result, the model can cover a wider range of applications. However, we also observe that the effectiveness of implementing the subsidy is affected by the imperfect informational structure.<\/jats:p>","DOI":"10.3390\/g16010007","type":"journal-article","created":{"date-parts":[[2025,2,3]],"date-time":"2025-02-03T12:18:56Z","timestamp":1738585136000},"page":"7","update-policy":"https:\/\/doi.org\/10.3390\/mdpi_crossmark_policy","source":"Crossref","is-referenced-by-count":0,"title":["A Note on the Welfare and Policy Implications of a Two-Period Real Option Game Under Imperfect Information"],"prefix":"10.3390","volume":"16","author":[{"ORCID":"https:\/\/orcid.org\/0000-0001-7245-3074","authenticated-orcid":false,"given":"Congcong","family":"Wang","sequence":"first","affiliation":[{"name":"School of Finance, Zhejiang University of Finance and Economics, Hangzhou 310012, China"}]},{"given":"Yuhan","family":"Wang","sequence":"additional","affiliation":[{"name":"School of Finance, Zhejiang University of Finance and Economics, Hangzhou 310012, China"}]},{"given":"Shanshan","family":"Chen","sequence":"additional","affiliation":[{"name":"School of Finance, Zhejiang University of Finance and Economics, Hangzhou 310012, China"}]},{"ORCID":"https:\/\/orcid.org\/0000-0001-8842-4040","authenticated-orcid":false,"given":"Shravan","family":"Luckraz","sequence":"additional","affiliation":[{"name":"School of Economics and CeDeX China, University of Nottingham Ningbo China, Ningbo 315104, China"}]},{"ORCID":"https:\/\/orcid.org\/0000-0001-9370-7643","authenticated-orcid":false,"given":"Bruno Antonio","family":"Pansera","sequence":"additional","affiliation":[{"name":"Department of Law, Economics and Human Sciences & Decisions_Lab, University Mediterranea of Reggio Calabria, Via dell\u2019Universit\u00e1 25, I-89124 Reggio Calabria, Italy"}]}],"member":"1968","published-online":{"date-parts":[[2025,2,3]]},"reference":[{"key":"ref_1","doi-asserted-by":"crossref","first-page":"1653","DOI":"10.1111\/j.1540-6261.1996.tb05221.x","article-title":"The strategic exercise of options: Development cascades and overbuilding in real estate markets","volume":"51","author":"Grenadier","year":"1996","journal-title":"Journal of Finance"},{"key":"ref_2","doi-asserted-by":"crossref","first-page":"705","DOI":"10.1016\/S0377-2217(03)00421-1","article-title":"Strategic Technology Adoption taking into account Future Technological Improvements: A Real Options Approach","volume":"159","author":"Huisman","year":"2004","journal-title":"European Journal of Operational Research"},{"key":"ref_3","doi-asserted-by":"crossref","first-page":"271","DOI":"10.2307\/3665944","article-title":"The value of flexibility: The case of a dual-fuel industrial steam boiler","volume":"22","author":"Kulatilaka","year":"1993","journal-title":"Financial Management"},{"key":"ref_4","doi-asserted-by":"crossref","first-page":"619","DOI":"10.1016\/S0165-1889(01)00064-1","article-title":"Real Options and Preemption under Incomplete Information","volume":"27","author":"Lambrecht","year":"2003","journal-title":"Journal of Economic Dynamic and Control"},{"key":"ref_5","unstructured":"Martzoukos, S., and Zacharias, E. (2009). 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