Dobbelaere, Sabien; Luttens, Roland Iwan; Peters, Bettina - Center for Operations Research and Econometrics (CORE), … - 2009
confirmed.
Keywords: investment under uncertainty, R&D, demand uncertainty, technical uncertainty,
entry threat.
JEL … present value (NPV) framework. Besides entry threat, competition and multi-stage R&D,
our model includes demand uncertainty as … technical uncertainty as well as perceived entry threat. In sum, the main goal of our analysis
is to quantify the effect of …