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Competing or coordinating: IT R&D investment decision making subject to information time lag
In this paper, we apply a dynamic option-game framework to examine the impact of information time lag on Research and Development (R&D) investment in innovative information technology (IT) industry. We focus o...
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Article
Strategic exercise of real options: Investment decisions in technological systems
Viewing investment projects in new technologies as real options, this paper studies the effects of endogenous competition and asymmetric information on the strategic exercise of real options. We first develop ...
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