produced by climate-economy models while introducing the dimension of uncertainty in innovation ef- forts, without succumbing … evaluating optimal near-term innovation investment portfolios in four key clean energy technologies (solar, biofuels …, bioelectricity and personal electric vehicle batteries), taking into account the uncertainty surrounding the effectiveness of …

such applications, a key role is played by complementarities in the process of innovation. …

-based family of products or processes. A comparison of the numerical solution for a model with incremental product innovation, and … that with incremental process innovation, reveals that the central difference between the two is reflected in the optimised … production plan. In either case, the optimal research plan is characterised by an initially high but declining rate of investment …

market share across firms when assessing creditworthiness. The model is able to capture features of innovation and diffusion …

development and fluctuations. In many such applications, a key role is played by complementarities in the process of innovation …

We propose to analyse the hyperbolic discounting preferences effect on the innovator's research investment decision …. Investing in research allows him to acquire information, and then to reduce the uncertainty of the risks of his project. We find … that whatever the innovator's preferences, that is hyperbolic or time-consistent, there exists a research investment …

stochastic shocks imply that investment in radical innovation may very often be too time consuming and/or expensive to remain …We refine modelling of the radical innovation decision in this paper by extending real option theory to include non …

stochastic shocks imply that investment in radical innovation may very often be too time consuming and/or expensive to remain … attractive for private entrepreneurs. -- radical innovation ; innovation ; entrepreneurship ; investment ; R&D ; risk ; real …We refine modelling of the radical innovation decision in this paper by extending real option theory to include non …

market share across firms when assessing creditworthiness. The model is able to capture features of innovation and diffusion …