Valuation of Regulatory Risk on Pharmaceutical R&D
收藏NBER2026-02-01 更新2026-02-28 收录
下载链接：
https://www.nber.org/papers/w34863
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资源简介：
Geopolitical tensions, supply-chain concerns and policy risk have moved to the forefront of the pharmaceutical industry. This paper develops a real options valuation model of drug R&D that captures sequential clinical investment with technical failure, stochastic costs, uncertain cash flows, and
提供机构：
美国国家经济研究局
创建时间：
2026-02-01
