Abstract
One of the features of the models concerning the investment of new technologies considered in the previous chapter is that only one new technology was available. The availability of more consecutive new technologies complicates the technology investment decision considerably, since every time the firm evaluates an investment in a new technology it has to take into account that at a later point of time a more efficient technology will be invented.
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© 2001 Springer Science+Business Media New York
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Huisman, K.J.M. (2001). Two New Technologies. In: Technology Investment: A Game Theoretic Real Options Approach. Theory and Decision Library, vol 28. Springer, Boston, MA. https://doi.org/10.1007/978-1-4757-3423-2_5
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DOI: https://doi.org/10.1007/978-1-4757-3423-2_5
Publisher Name: Springer, Boston, MA
Print ISBN: 978-1-4419-4911-0
Online ISBN: 978-1-4757-3423-2
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