Dobbelaere, Sabien; Luttens, Roland Iwan; Peters, Bettina - Center for Operations Research and Econometrics (CORE), … - 2009
lottery between a
proportional increase and decrease in demand. Technical uncertainty is modelled as a lottery
between a … confirmed.
Keywords: investment under uncertainty, R&D, demand uncertainty, technical uncertainty,
entry threat.
JEL … considers a second type of cost uncertainty, namely technical uncertainty. It implies that,
although the input prices are known …