Skip to main content
SpringerLink
Log in

Technology Investment

A Game Theoretic Real Options Approach

  • Book
  • © 2001

Overview

Authors:
  1. Kuno J. M. Huisman

    1. Centre for Quantitative Methods CQM B.V., Eindhoven, The Netherlands

    View author publications

    You can also search for this author in PubMed   Google Scholar

Part of the book series: Theory and Decision Library C (TDLC, volume 28)

This is a preview of subscription content, log in via an institution to check access.

Access this book

Log in via an institution
eBook USD 84.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 109.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book USD 109.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access

Licence this eBook for your library

Institutional subscriptions

Table of contents (9 chapters)

  1. Front Matter

    Pages i-ix
    Download chapter PDF

  2. Introduction

    1. Introduction

      • Kuno J. M. Huisman
      Pages 1-10

  3. Decision Theoretic Models

    1. Front Matter

      Pages 11-11
      Download chapter PDF

    2. Constant Investment Cost

      • Kuno J. M. Huisman
      Pages 13-49

    3. Decreasing Investment Cost

      • Kuno J. M. Huisman
      Pages 51-67

  4. Game Theoretic Adoption Models

    1. Front Matter

      Pages 69-69
      Download chapter PDF

    2. One New Technology

      • Kuno J. M. Huisman
      Pages 71-105

    3. Two New Technologies

      • Kuno J. M. Huisman
      Pages 107-126

    4. Multiple New Technologies

      • Kuno J. M. Huisman
      Pages 127-157

  5. Game Theoretic Real Option Models

    1. Front Matter

      Pages 159-159
      Download chapter PDF

    2. One New Technology and Symmetric Firms

      • Kuno J. M. Huisman
      Pages 161-195

    3. One New Technology and Asymmetric Firms

      • Kuno J. M. Huisman
      Pages 197-215

    4. Two New Technologies

      • Kuno J. M. Huisman
      Pages 217-252

  6. Back Matter

    Pages 253-262
    Download chapter PDF
Back to top

Keywords

About this book

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 options theory and game theory, are discussed in Sections 2 and 3, respectively. Section 4 surveys the contents of this book. In Section 5 some promising extensions of the research presented in this book are listed. 1. TECHNOLOGY INVESTMENT Investment expenditures of companies govern economic growth. Es­ pecially investments in new and more efficient technologies are an impor­ tant determinant. In particular, in the last two decades an increasing part of the investment expenditures concerns investments in informa­ tion and communication technology. Kriebel, 1989 notes that (already) in 1989 roughly 50 percent of new corporate capital expenditures by major United States companies was in information and communication technology. Due to the rapid progress in these technologies, the tech­ nology investment decision of the individual firm has become a very complex matter. As an example of the very high pace of technological improvement consider the market for personal computers. IBM intro­ duced its Pentium personal computers in the early 1990s at the same price at which it introduced its 80286 personal computers in the 1980s. Therefore it took less than a decade to improve on the order of twenty times in terms of both speed and memory capacities, without increasing the cost (Yorukoglu, 1998).

Authors and Affiliations

  • Centre for Quantitative Methods CQM B.V., Eindhoven, The Netherlands

    Kuno J. M. Huisman

Bibliographic Information

Publish with us

Policies and ethics

Back to top

Search

Navigation