Vonortas, Nicholas S.; Hertzfeld, Henry R. - In: Journal of Policy Analysis and Management 17 (1998) 4, pp. 621-638
This article argues for an innovative methodology to appraising (ex ante) longer-term strategic research and development (R&D) investments. This methodology reflects the inherent value of such R&D in terms of opening up opportunities (but not obligations) for investment in new technological...