Strategic Options and Games in Analysing Dynamic Technology Investments

Organising R&D Projects to Profit From Innovation: Insights From Co-opetition

“…Even in a non-co-operative game theoretic setting, it is argued that when firms are deciding their strategic investments in R&D, ''the total market pie may get enlarged when firms are accommodating''. 23 This might be true even at the expense of a possible increase in transaction costs, and is particularly true in an increasingly knowledgebased economy. Delmas, for instance, argues that ''the Transaction Cost Economics framework, originally formulated in an environment of mature physical capital-intensive industries, may find limited application in environments where know-how is the key asset, where building rather than protecting specific assets is the main issue.''…”

A Strategic Investment Decision: “Internationalization of SMEs”: A Multiple Appraisal Approach and Illustration with a Case Study

“…In order to integrate the effect of "not being the first mover" into the analyses, some studies use a game theoretic real options approach [4,37,40,41].…”

Investment project valuation based on a fuzzy binomial approach

“…Smit and Trigeorgis [23,24] combined real options theory with game theory to serve as an analytical instrument for competitive strategies in an uncertain environment. They unify two major strands of economic theory-real options and games-into a single, coherent framework and demonstrate how these ideas can be applied to formulating corporate strategy.…”