Risk-sensitive optimal exercise strategies of R&D projects under oligopoly competition

DOI10.1080/02522667.2011.10700060zbMath1218.91164OpenAlexW2010225574MaRDI QIDQ3020613

Shian-Chang Huang, Tzu-Hui Pan, Nan-Yu Wang

Publication date: 4 August 2011

Published in: Journal of Information and Optimization Sciences (Search for Journal in Brave)

Full work available at URL: http://www.connectjournals.com/file_html_pdf/1026002H_05_JIOS_T21_32-2_pp339-368a.pdf

zbMATH Keywords

optimal stoppingincomplete informationreal optionduopoly gameindustry competitionrisk-sensitive effect

Mathematics Subject Classification ID

Production theory, theory of the firm (91B38) Auctions, bargaining, bidding and selling, and other market models (91B26) Corporate finance (dividends, real options, etc.) (91G50)

Related Items (1)

A comparison between the robust risk-aware and risk-seeking managers in R\&D portfolio management

Cites Work

• The option value of advanced R\&D
• Real options and preemption under incomplete information
• Funding Criteria for Research, Development, and Exploration Projects
• Strategic Delay in a Real Options Model of R&D Competition

This page was built for publication: Risk-sensitive optimal exercise strategies of R&D projects under oligopoly competition