Option-game analysis about strategic investment of duopoly's product innovation

被引：0
|
作者：
Liu, GX [1 ]
Tang, ZP [1 ]
Wang, TL [1 ]
机构：
[1] Wuhan Univ Technol, Sch Management, Wuhan 430070, Peoples R China
来源：
PROCEEDINGS OF 2002 INTERNATIONAL CONFERENCE ON MANAGEMENT SCIENCE & ENGINEERING, VOLS I AND II | 2002年
关键词：
product innovation; option-game; strategy; equilibrium;
D O I：
暂无
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This paper analyzes the strategic exercise of duopoly option to product innovation by using option-game method. We obtain a pair of symmetric, subgame perfect Nash equilibrium by regarding firm's product innovation investment as a call option which the firm hold and considering the impact of its competitor's innovation behavior. In each note,each firm's exercise strategies are optimal conditioning on the other's exercise strategies. Depending on the initial state, some equilibrium exercise strategies are sequential exercise, while others are simultaneous exercise.
引用
收藏
页码：1643 / 1647
页数：5
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