Optimal investment in learning-curve technologies

DOI10.1016/J.JEDC.2012.03.014MaRDI QIDQ310985zbMATH OpenOpenAlexFDO

Authors Marco Della Seta, Sebastian Gryglewicz, Peter M. Kort

Publication date 28 September 2016

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jedc.2012.03.014

zbMATH Keywords

investment timingreal optionsinvestment sizelearning-curve technology

Mathematics Subject Classification ID

Production theory, theory of the firm (91B38) Economics of information (91B44) Financial applications of other theories (91G80)

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Cites work

• Investment and capacity choice under uncertain demand
• Learning by observation within the firm
• Learning-by-doing, organizational forgetting, and industry dynamics
• Strategic technology choice and capacity investment under demand uncertainty
• The Learning Curve, Market Dominance, and Predatory Pricing
• The production recipes approach to modeling technological innovation: An application to learning by doing

Cited in

(11)

• Wright meets Markowitz: how standard portfolio theory changes when assets are technologies following experience curves
• Underinvestment and optimal capital structure under environmental constraints
• Investment in Knowledge: A Generalization of Learning By Experience
• Log-linear learning model for predicting a steady-state manual assembly time
• To learn or to change: optimal R\&D investments under uncertainty in the case of climate change
• Agency problems in public-private partnerships investment projects
• Optimal Sequential Investment Decision-Making with Jump Risk
• Time-to-build and capacity expansion
• Capacity choice in (strategic) real options models: a survey
• Learning curve parameter estimation beyond traditional statistics
• The interaction of debt financing, cash grants and the optimal investment policy under uncertainty

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