摘要
文章分别论证了在平等竞争市场、领导跟随市场和企业联盟市场下产生的具体期权价值。研究表明,企业技术创新投资所产生的期权价值不仅与项目本身的传统净现值有关,而且与企业所处的具体市场结构有关。
By comparing the model of discrete and consecutive option game theory, this paper verifies and quantifies the option value in the equality market, leader-following market and alliance market. Then, it is found out that the option value generated by technical investment not only has relationship with the traditional NPV value, but also has something with the market model which the competitor belongs.
出处
《改革与战略》
北大核心
2009年第11期46-48,共3页
Reformation & Strategy
基金
重庆市科委项目(项目编号:CSTC2007CE9101)
