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Investment timing and capacity choice in duopolistic competition under a jump-diffusion model
This paper aims to apply the real options game theoretic to study the impact of sudden events on the optimal investment timing and capacity choice in a duopoly market. We model the market demand and investment cost as the geometric Brownian motions with jumps driven by the Poisson processes. A new c...
| Autores principales: | , |
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| Formato: | Online Artículo Texto |
| Lenguaje: | English |
| Publicado: |
Springer Berlin Heidelberg
2021
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| Materias: | |
| Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8380023/ http://dx.doi.org/10.1007/s11579-021-00303-3 |