We consider the problem faced by a manager commissioning an innovative product requiring multi-stage sequenced innovation, when innovating agents have different costs and information transfer is expensive. We specify their optimisation problem and present a polynomial time solution method. We...

We look at the effect of the US Sarbanes-Oxley (SOX) financial regulation on industrial innovation. Our theoretical framework shows it creating immediate uncertainty about its costs and future resolution of cost and managerial performance uncertainty. Real option value is created for investment...

We present an information good pricing model with persistently heterogeneous consumers and a rising marginal propensity for them to pirate. Three offsetting pricing mechanisms occur: skimming, compressing price changes, and delaying product launch. We identify a novel trade off in piracy's...

Globally, there are hundreds of millions of people following a vegetarian diet (which excludes meat) or a vegan diet (which excludes all animal-derived products). The authors examine an active debate on whether adoption of a vegan diet is promoted by marketing campaigns for a vegetarian diet....

This paper examines the optimal design and consequences of financial disclosure regulation. Our model represents the regulation as creating a real option for an investor to delay investment until information is disclosed. We find conditions on investment opportunities that ensure that regulation...

This paper introduces a flexible method based on dynamic programming to calculate the quantitative value of any approach to managing the innovation process. The quantification lets managers precisely compare the values of different approaches, and so identify those that are optimised for their...