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Persistent link: https://www.econbiz.de/10001907074
We develop and analyze a model of a multi-stage investment project that captures many features of R&D ventures and start-up companies. An important feature these problems share is that the firm learns about the potential profitability of the project throughout its life, but that research and...
Persistent link: https://www.econbiz.de/10012472068
Persistent link: https://www.econbiz.de/10003445018
Persistent link: https://www.econbiz.de/10001220571
Persistent link: https://www.econbiz.de/10001106407
We develop and analyze a model of a multi-stage investment project that captures many features of R&D ventures and start-up companies. An important feature these problems share is that the firm learns about the potential profitability of the project throughout its life, but that research and...
Persistent link: https://www.econbiz.de/10013224679