Technology investment: A game theoretic real options approach

Research output: ThesisDoctoral Thesis

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Abstract

The technology investment decision of an individual firm has become a very complex matter in recent years. One reason is the incredibly rapid progress of technological developments in the last decades. Another reason is the existence of and movement towar oligopolistic markets. In this thesis several theoretical technology investment models of the firm are developed and analyzed. To solve these models real options theory and game theory is used. The real options theory makes it possible to explicitly take nto account (and value) the option value of waiting. Game theory is used to incorporate strategic interactions.
Original languageEnglish
QualificationDoctor of Philosophy
Awarding Institution
  • Tilburg University
Supervisors/Advisors
  • Talman, A.J.J., Promotor
  • Kort, Peter, Co-promotor
Award date20 Oct 2000
Place of PublicationTilburg
Publisher
Print ISBNs9056680730
Publication statusPublished - 2000

Fingerprint

Real options
Real options theory
Game theory
Technology investment
Technological development
Investment decision
Strategic interaction
Option value

Cite this

Huisman, K. J. M. (2000). Technology investment: A game theoretic real options approach. Tilburg: CentER, Center for Economic Research.
Huisman, K.J.M.. / Technology investment : A game theoretic real options approach. Tilburg : CentER, Center for Economic Research, 2000. 245 p.
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title = "Technology investment: A game theoretic real options approach",
abstract = "The technology investment decision of an individual firm has become a very complex matter in recent years. One reason is the incredibly rapid progress of technological developments in the last decades. Another reason is the existence of and movement towar oligopolistic markets. In this thesis several theoretical technology investment models of the firm are developed and analyzed. To solve these models real options theory and game theory is used. The real options theory makes it possible to explicitly take nto account (and value) the option value of waiting. Game theory is used to incorporate strategic interactions.",
author = "K.J.M. Huisman",
year = "2000",
language = "English",
isbn = "9056680730",
series = "CentER Dissertation Series",
publisher = "CentER, Center for Economic Research",
school = "Tilburg University",

}

Huisman, KJM 2000, 'Technology investment: A game theoretic real options approach', Doctor of Philosophy, Tilburg University, Tilburg.

Technology investment : A game theoretic real options approach. / Huisman, K.J.M.

Tilburg : CentER, Center for Economic Research, 2000. 245 p.

Research output: ThesisDoctoral Thesis

TY - THES

T1 - Technology investment

T2 - A game theoretic real options approach

AU - Huisman, K.J.M.

PY - 2000

Y1 - 2000

N2 - The technology investment decision of an individual firm has become a very complex matter in recent years. One reason is the incredibly rapid progress of technological developments in the last decades. Another reason is the existence of and movement towar oligopolistic markets. In this thesis several theoretical technology investment models of the firm are developed and analyzed. To solve these models real options theory and game theory is used. The real options theory makes it possible to explicitly take nto account (and value) the option value of waiting. Game theory is used to incorporate strategic interactions.

AB - The technology investment decision of an individual firm has become a very complex matter in recent years. One reason is the incredibly rapid progress of technological developments in the last decades. Another reason is the existence of and movement towar oligopolistic markets. In this thesis several theoretical technology investment models of the firm are developed and analyzed. To solve these models real options theory and game theory is used. The real options theory makes it possible to explicitly take nto account (and value) the option value of waiting. Game theory is used to incorporate strategic interactions.

M3 - Doctoral Thesis

SN - 9056680730

T3 - CentER Dissertation Series

PB - CentER, Center for Economic Research

CY - Tilburg

ER -

Huisman KJM. Technology investment: A game theoretic real options approach. Tilburg: CentER, Center for Economic Research, 2000. 245 p. (CentER Dissertation Series).