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

页码：217 / 221

页数：5