Option-game Analysis in R&D Investment under Demand Uncertainty

被引：0
|
作者：
An, Shi [1 ]
Tun, Ji-yuan [1 ]
机构：
[1] Harbin Inst Technol, Sch Management, Harbin 150001, Peoples R China
来源：
ADVANCES IN BUSINESS INTELLIGENCE AND FINANCIAL ENGINEERING | 2008年 / 5卷
关键词：
Investment decision-making; Option-game; uncertainty;
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
In this paper, the theories of real option and game are employed to analyze investment decision-making under demand uncertainty. In allusion to the factors of cost irreversibility, demand uncertainty and market competition, the influence of investment cost on enterprises' R&D investment decision-making is emphasized particularly, and a symmetric option-game model of duopoly is set up. At last, the investment thresholds and equilibrium strategies for an enterprise being a leader or a follower in every stage are analyzed in the model.
引用
收藏
页码：217 / 221
页数：5
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