A Model of R&D Valuation and the Design of Research Incentives
收藏NBER2003-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w10041
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资源简介：
We develop a real options model of R&D valuation, which takes into account the uncertainty in the quality of the research output, the time and cost to completion, and the market demand for the R&D output. The model is then applied to study the problem of pharmaceutical under-investment in R&D for
提供机构：
美国国家经济研究局
创建时间：
2003-10-01
