The objective of this paper is to investigate the innovative performance of China’s NIS ininternational comparison and the capacity of China’s NIS in creating indigenous innovation.We provide insights drawing upon patent data and using patent families to determine the valueof the underlying...

We study a two-stage R&D project with an abandonment option. Two types of uncertaintyinfluence the decision to start R&D. Demand uncertainty is modelled as a lottery between aproportional increase and decrease in demand. Technical uncertainty is modelled as a lotterybetween a decrease and...