A patent race in a real options setting: investment strategy, valuation, CAPM beta, and return volatility
From MaRDI portal
Publication:844785
DOI10.1016/j.jedc.2008.01.001zbMath1181.91332MaRDI QIDQ844785
Publication date: 19 January 2010
Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)
Full work available at URL: http://hdl.handle.net/10722/60148
91B38: Production theory, theory of the firm
91B32: Resource and cost allocation (including fair division, apportionment, etc.)
91G50: Corporate finance (dividends, real options, etc.)
Related Items
Strategic real options under asymmetric information, Optimal R\&D investment for a risk-averse entrepreneur, Venture capital financed investments in intellectual capital, Patent valuation under spatial point processes with delayed and decreasing jump intensity, R&D INVESTMENT DECISION ON EMERGING TECHNOLOGY, The Multi-Objective Alternative Assets Investment Optimization Model on Sovereign Wealth Funds Based on Risk Control
Cites Work
- Unnamed Item
- Dynamic games of innovation
- Closed-loop equilibrium in a multi-stage innovation race
- Real options and preemption under incomplete information
- Strategic Growth Options
- Market Structure and Innovation
- Perfect Equilibrium in a Model of a Race
- Racing with Uncertainty
- A Stochastic Model of Investment, Marginal q and the Market Value of the Firm
- A Theory of Dynamic Oligopoly, II: Price Competition, Kinked Demand Curves, and Edgeworth Cycles
- A Dynamic Game of R and D: Patent Protection and Competitive Behavior
- R&D Investments with Competitive Interactions
- Uncertainty, Investment, and Industry Evolution
- Strategic Delay in a Real Options Model of R&D Competition