Strategic Technology Adoption under Technological Uncertainty

strategic technology adoption under technological uncertainty

Foreign Investment as Main Factor for Successful Funds and Its Effect on Trade Balance Strategic Technology Adoption under Technological Uncertainty

foreign investment as main factor for successful funds and its effect on trade balance strategic technology adoption under technological uncertainty

Optimal Scrapping and Technology Adoption under Uncertainty

A firm has to decide sequentially to replace its technology and to implement a new one chosen among an increasing range over time under technological and market uncertainty. The optimal decision rule is a (s, S) style policy where the trigger and target technology levels are positively correlated with boom persistence and negatively related with recession persistence and technological uncertain...

Strategic Adoption of a New Technology under Uncertain Implementation

CIRANO Le CIRANO est une corporation privée à but non lucratif constituée en vertu de la Loi des compagnies du Québec. Le financement de son infrastructure et de ses activités de recherche provient des cotisations de ses organisations-membres, d=une subvention d=infrastructure du ministère de l=Industrie, du Commerce, de la Science et de la Technologie, de même que des subventions et mandats ob...

Strategic Technology Adoption and Hedging under Incomplete Markets∗

We investigate the implications of technological innovation and non-diversifiable risk on entrepreneurial entry and optimal portfolio choice. In a real options model where two risk-averse individuals strategically decide on technology adoption, we show that the impact of non-diversifiable risk on the option timing decision is ambiguous and depends on the frequency of technological change. Compa...