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Personal profile

Research interests

Peter Kort has as research topics dynamics of the firm, investment under uncertainty and industrial organization. In particular, he is interested in how competition, dynamics and uncertainty affect the firm's investment and innovative behavior.


  • 2002- full professor, Faculty of Economics, Tilburg University
  • 2002- guest professor, Faculty of Applied Economics, University of Antwerp, Antwerp
  • 1997-2002 associate professor, Faculty of Economics, Tilburg University
  • 1991-1996,  KNAW-research fellow
  • 1989-1997 assistant professor, Faculty of Economics, Tilburg University1991-96 KNAW-research fellow
  • 1984-1989 research assistant, Tilburg University


Current courses

Click here for my courses.

PhD supervision

Current Ph-D Students:
C. Eijgenraam (Tilburg University)
G. Vermeulen (University of Antwerp)
N. Huberts (Tilburg University)
M. Lavrutich (Tilburg University)
X. Wen (Tilburg University)

Doctoral thesis committee:
R.H.J.M. Gradus (1990)
T.L. Feenstra (1998, co-promotor)
R. Brekelmans (2000)
K.J.M. Huisman (2000, co-promotor)
W.A. van den Broek (2001)
J.L. Wielhouwer (2002, co-promotor)
M. Peat (2002, University of Technology Sydney, external examiner)
J.J.J. Thijssen (2003, promotor)
P. Murto (2003, Helsinki University of Technology, official opponent)
G. Pawlina (2003, promotor)
R.W.J. van den Goorbergh (2004)
K. Fredj (2004, University of Montreal, external jury member)
E. Motchenkova (2005, promotor)
R. Lukach (2006, University of Antwerp, co-promotor)
C. Di Maria (2006)
W. van den Berg (2007, Erasmus University Rotterdam)
W. Woertman (2008)
S. Gryglewicz (2008, promotor)
T. Michalak (2009, University of Antwerp, chairman)
M. Trojanowska (2009, University of Antwerp, promotor)
M. Carvalho (2011)
M.Y. Keoula (2011, University of Montreal, external examiner)
T. Kiseleva (2011, University of Amsterdam)
M. Della Seta (2011, promotor)
V. Hagspiel (2011, promotor)
T. Compernolle (2012, University of Hasselt)
S. Amoroso (2013)
Ö. Özdemir (2013)
M. Chahim (2013, promotor)
G. Smrkolj (2013, University of Amsterdam)
R. Langestraat (2013, promotor)
H. Boonman (2014, promotor)

T. Suzuki (2015, promotor)



  • Real Options
  • Decision Theory

Fingerprint Dive into the research topics where Peter Kort is active. These topic labels come from the works of this person. Together they form a unique fingerprint.

  • 1 Similar Profiles
Costs Engineering & Materials Science
Capital Accumulation Mathematics
Real Options Mathematics
Levees Engineering & Materials Science
Maximum principle Engineering & Materials Science
Pricing Mathematics
Profitability Engineering & Materials Science
Impulse Control Mathematics

Network Recent external collaboration on country level. Dive into details by clicking on the dots.

Research Output 1985 2019

Essays on mixed hitting time models

Yu, Y., 2019, Tilburg: CentER, Center for Economic Research. 132 p.

Research output: ThesisDoctoral ThesisScientific

Open Access
Stochastic processes
Competing risks model
Empirical analysis

Dynamic models of the firm with green energy and goodwill

Dawid, H., Hartl, R. F. & Kort, P., 2018, Control Systems and Mathematical Methods in Economics: Essays in Honor of Vladimir M. Veliov. Feichtinger, G., Kovacevic, R. M. & Tragler, G. (eds.). Cham: Springer, Vol. 687. p. 279-296 (Lecture Notes in Economics and Mathematical Systems ; vol. 687).

Research output: Chapter in Book/Report/Conference proceedingChapterScientificpeer-review

Green energy
Optimal control
Firm behavior

Hysteresis due to irreversible exit: Addressing the option to mothball

Guerra, M., Kort, P., Nunes, C. & Oliveira, C., Jul 2018, In : Journal of Economic Dynamics & Control. 92, p. 69-83

Research output: Contribution to journalArticleScientificpeer-review

Investment Decisions with Two-Factor Uncertainty

Compernolle, T., Huisman, K., Kort, P., Lavrutich, M., Nunes, C. & Thijssen, J. J. J., 8 Feb 2018, Tilburg: CentER, Center for Economic Research, 21 p. (CentER Discussion Paper; vol. 2018-003).

Research output: Working paperDiscussion paperOther research output

Investment decision
Real options
Analytical solution

Product Innovation of an Incumbent Firm: A Dynamic Analysis

Hagspiel, V., Huisman, K., Kort, P., Nunes, C. & Pimentel, R., 15 Nov 2018, Tilburg: CentER, Center for Economic Research, 38 p. (CentER Discussion Paper; vol. 2018-048).

Research output: Working paperDiscussion paperOther research output

Dynamic analysis
Product innovation
Product market
Technological progress

Activities 1997 1997

  • 14 Editorial activity
  • 3 Invited talk

Sixth Viennese Workshop on Optimal Control, Dynamic Games, Nonlinear Dynamics and Adoptive Systems

P.M. Kort (Speaker)
21 May 1997

Activity: Talk or presentation typesInvited talkScientific

Journal of Cost Analysis (Journal)

P.M. Kort (Reviewer)

Activity: Publication peer-review and editorial work typesEditorial activityScientific

Kwantitatieve Methoden (Journal)

P.M. Kort (Reviewer)

Activity: Publication peer-review and editorial work typesEditorial activityScientific

Journal of Economics (Journal)

P.M. Kort (Reviewer)

Activity: Publication peer-review and editorial work typesEditorial activityScientific

Mathematical Reviews (Journal)

P.M. Kort (Reviewer)

Activity: Publication peer-review and editorial work typesEditorial activityScientific

Projects 1997 2016

Dynamic Oligopolistic Competition between Innovating Firms

Kort, P.


Project: Research project

Essays in corporate finance and investment under uncertainty

Della Seta, M. & Kort, P.


Project: Research project

Capital Investment and Innovation: A Multi-Stage Modeling Approach

Kort, P. & Chahim, M.


Project: Research project

Real options and investments under uncertainty

Hagspiel, V., Kort, P. & Huisman, K.


Project: Research project

Essays on investment under uncertainty and dynamic signaling

Gryglewicz, S., Kort, P. & Huisman, K.


Project: Research project

Prizes / Recognition

Grant - NWO

Peter Kort (Recipient), 1997