Investment decisions in finite-lived monopolies
نویسندگان
چکیده
منابع مشابه
Investment decisions in finite-lived monopolies
This paper studies the value and optimal timing for investment in finite-lived monopolies, extending the literature on real option games by considering the cases of random and certain-lived monopolies. Under these settings, firms face the risk of demonopolization, that can occur as a random or a certain event. We show that these new settings produce significantly different results when compared...
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This paper studies the demonopolization process of granted monopolies. A demonopolization process may have different origins such as changes in the policy of a government or a regulator, or new invention or innovation competing with existing patented ones. The demonopolization of the market represents a threat for the granted monopolist and is a relevant source of risk. In the existing real opt...
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ژورنال
عنوان ژورنال: Journal of Economic Dynamics and Control
سال: 2014
ISSN: 0165-1889
DOI: 10.1016/j.jedc.2014.07.003