Abstract
In this chapter we extend the models of Chapters 4 and 5 by adding uncertainty to the innovation process and by considering multiple new technologies. The new technologies are invented at previously unknown points of time. A comparable framework is considered in the duopoly model by Gaimon, 1989. The difference is that in that paper a continuous stream of new technologies arrives over time, which is known beforehand by the firms.
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© 2001 Springer Science+Business Media New York
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Huisman, K.J.M. (2001). Multiple 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_6
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DOI: https://doi.org/10.1007/978-1-4757-3423-2_6
Publisher Name: Springer, Boston, MA
Print ISBN: 978-1-4419-4911-0
Online ISBN: 978-1-4757-3423-2
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