Browsing by Subject "R&D"
Now showing items 1-4 of 4
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Book
Extensions and Other Applications
(The MIT Press, 2011)This chapter discusses new developments and applications of option games. The chapter is organized as follows. Section 13.1 deals with early approaches where competitive entry decisions are treated exogenously. Sections ...
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Article
Investment options with debt-financing constraints
(2012)A contingent claims model is used to study the impact of debt-financing constraints on firm value, optimal capital structure, the timing of investment and other variables, such as credit spreads. The optimal investment ...
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Article
R&D depreciation, stocks, user costs and productivity growth for US R&D intensive industries
(2006)This paper estimates R&D depreciation rates for U.S. R&D intensive industries. R&D annually depreciates at
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Working Paper
R&D, innovation, and technological progress: a test of the schumpeterian framework without scale effects
(2002)I use U.S. manufacturing industry data to estimate a system of three equations implied by a model of R&D-induced growth in steady state. These three equations relate R&D intensity to patenting, patenting to technological ...