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The research and development (R&D) investment timing decision-making problem is studied based on option game theory in this paper. The existence and inequality of two businesses operating costs are assumed, and jump diffusion is used to describe sudden events. The duopoly option game model is established to obtain the R&D investment value function and the critical value to invest. The game...
This paper applies the theory of option games to discuss the strategic decision rules in corporate R&D investment under uncertainty and competition, with three uncertainties in terms of income, cost and technology considered. The results show that there exist both preemptive equilibrium and simultaneous equilibrium in R&D investment game and exists mixed strategy equilibrium in preemptive...
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