Strategic R＆D Investment:A Game Theoretic Real Options Approach
会议名称：《2009中国控制与决策会议》
会议日期：2009年
学科分类：12[管理学] 1201[管理学-管理科学与工程(可授管理学、工学学位)] 081104[工学-模式识别与智能系统] 08[工学] 0835[工学-软件工程] 0811[工学-控制科学与工程] 0812[工学-计算机科学与技术（可授工学、理学学位）]
基 金：supported by National Natural Science Foundation of China serial number:70801067
关 键 词：R&D Investment Decision Real Options Duopoly Option Games
摘 要：正This paper applies the theory of option games to discuss the strategic decision rules in corporate R＆D investment under uncertainty and competition,with three uncertainties in terms of income,cost and technology *** results show that there exist both preemptive equilibrium and simultaneous equilibrium in R＆D investment game and exists mixed strategy equilibrium in preemptive equilibrium;and the increase of uncertainty is not always to rise the optimal threshold when considering many uncertain factors which are correlative;reversely,the increase of correlation and hazard rate of R＆D technology will minish the *** analytical result in theory is further verified and enriched by a numerical example at last.