This chapter is organized as follows. The economic problem on which this book focuses is
motivated in Section 1. The two tools used to study this economic problem, which are real …

Purpose This study aims to explore the evolutionary trajectories of technological innovation
using 1,361 documents to determine the most cited documents, influential authors …

By mixing concepts from both game theoretic analysis and real options theory, an
investment decision in a competitive market can be seen as a “game” between firms, as …

Several features of an imperfect market, such as transaction costs and market power, and
strategic behaviors of firms may adversely affect the performance and efficiency of tradable …

This paper studies a dynamic duopoly in which firms compete in the adoption of new
technologies. The innovation process is exogenous to the firms. It is assumed that there are …

In this paper, we present a dynamic optimal control model of process–product innovation
with learning by doing, and extend the model of Chenavaz (2012) to an even more general …

The mix of games theory with the real options has been a dynamic range of exploration in
the most recent decade. The engaging quality of the specialists for displaying aggressive …

Companies often choose to defer irreversible investments to maintain valuable managerial
flexibility in an uncertain world. For some technology-intensive projects, technology …

In this system dynamics simulation study we analyze a series of feedback causal
relationships wherein R&D investments create new knowledge stocks, increasing …

Purpose Ethereum-based blockchain technology (EBT) affords members of the Enterprise
Ethereum Alliance (EEA) a market advantage in deploying blockchain within their …