A real options game of alliance timing decisions in biopharmaceutical research and development

DOI10.1016/j.ejor.2017.03.025zbMath1403.91082OpenAlexW2596708786MaRDI QIDQ1753672

Serena Robba, Azzurra Morreale, Paolo Roma, Giovanna Lo Nigro

Publication date: 29 May 2018

Published in: European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.ejor.2017.03.025

zbMATH Keywords

OR in research and developmentreal options gamesbiopharmaceutical industryresearch and development alliance timing

Mathematics Subject Classification ID

Applications of game theory (91A80) Production theory, theory of the firm (91B38)

Related Items (3)

Optimal patent policy in the presence of vertical separation ⋮ Risky choices in strategic environments: an experimental investigation of a real options game ⋮ Valuing multistage investment projects in the pharmaceutical industry

Cites Work

• The Pricing of Options and Corporate Liabilities
• Developing real option game models
• Strategic investment under uncertainty: a synthesis
• Evaluating pharmaceutical R\&D under technical and economic uncertainty
• Co-development ventures: optimal time of entry and profit-sharing
• Timing of investments in oligopoly under uncertainty: a framework for numerical analysis
• Earnouts in mergers and acquisitions: a game-theoretic option pricing approach
• Option pricing when underlying stock returns are discontinuous
• Real (investment) options with multiple sources of rare events

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