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In our model multiple innovators compete against each other by submitting investment proposals to an investor. The … investor chooses the least expensive proposal and the timing of the investment. Innovators have to provide costly, but …, because the investor has less need to delay expensive investments. With endogenous number of innovators investment timing …
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Realoptionsmodelle als Instrumente der Investitionsbewertung unter Unsicherheit werden mit steigender Tendenz auch im deutschsprachigen Diskurs betrachtet. Auf der Basis konzeptioneller Analogien werden im Rahmen der Realoptionstheorie die Bewertungsansätze der Aktienoptionen für reale...
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This research investigates the impact of economic policy uncertainty on renewable energy innovation, based on a panel of 22 countries during the period 1985-2019. The results indicate that economic policy uncertainty exerts a positive effect on renewable energy innovation that lasts for at least...
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