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In this article, we analyse the optimal investment decision in a new health care technology of a representative … hospital that maximises its surplus in an uncertain environment. The new technology allows the hospital to increase the quality … to show how the purchasing rules might influence the level of investment. We show that the investment in new technology …
Persistent link: https://www.econbiz.de/10011324946
This paper examines the effect of competition on the irreversible investment decisions under uncertainty as a generalization of the "real option" approach. We examine this issue with reference to an industry where each firm has only one investment opportunity which is completely irreversible and...
Persistent link: https://www.econbiz.de/10011325060
Real options theory applies techniques known from finance theory to the valuation of capital investments. The present paper investigates further into this analogy, considering the case of a portfolio of real options. An implementation of real option models in practice will mostly be concerned...
Persistent link: https://www.econbiz.de/10010316295
Im Zuge der Globalisierung nimmt die Intensität der Beziehungen zwischen Nationen, zwischen Unternehmen und zivilgesellschaftlichen Akteuren zu. Transnationale Normbildungsnetzwerke entstehen, die einen bislang wenig bekannten Einfluss auf alle Lebensbereiche (Wirtschafts- und...
Persistent link: https://www.econbiz.de/10010293521
value of patents and their potential to block competitors in technology markets. Our empirical results for European firm … firms with valuable patents. However, patents with a potential to block technology competitors seem to be only of interest …
Persistent link: https://www.econbiz.de/10010297965
acquisitions. On the one hand, patents are used as a building instrument for the acquirer's technology portfolio. On the other hand …-based view of the firm, we analyze the importance of these two faces of technology acquisition for the valuation of a target firm …'s patents, especially if blocking patents are in technology fields related to the acquiring firm's patent portfolio. Our results …
Persistent link: https://www.econbiz.de/10010298053
acquisitions. On the one hand, patents are used as a building instrument for the acquirer's technology portfolio. On the other hand …-based view of the firm, we analyze the importance of these two faces of technology acquisition for the valuation of a target firm … blocking patents are in technology fields related to the acquiring firm's patent portfolio. Our results have implications for …
Persistent link: https://www.econbiz.de/10010298687
Estimating the response of hours worked to technology shocks is often considered as a crucial step for evaluating the … estimated using a VAR, and retrieve alternative nonfundamental representations of the relation between technology shocks and … conditioning on a technology shock. This result is more robust than the results by Christiano et al. [2004], because it is …
Persistent link: https://www.econbiz.de/10010328611
Persistent link: https://www.econbiz.de/10010334868
Arbeitsprozess – und teils sogar über Bewegungsmuster und Vitalfunktionen der Beschäftigten – generieren. Die Wearable-Technologie … process – and sometimes even on movement patterns and vital functions of the employees. Wearables technology is at an early … stage of development, in which the interests and perspectives of relevant stakeholders, especially technology developers and …
Persistent link: https://www.econbiz.de/10012003233