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Project C2: Innovation dynamics under market uncertainty and financial constraints


Principal Investigator(s)
Herbert Dawid
Investigator(s)
Serhat Gezer
Xingang Wen

Summary:

The aim of this project is to characterize intertemporally optimal investment strategies of financially constrained firms which compete on an established market and at the same time invest in the development of new products to be introduced to the market. Both the success of product innovation activities and the evolution of the demand for new products is assumed to be stochastic and due to financial constraints generates bankruptcy risk for the firms. A combination of analytical and numerical methods will be used to characterize the equilibrium profile of firms' investment strategies. Based on this it will be studied how the tightness of financial constraints affects innovation and bankruptcy rates of firms of different size. Our approach will also allow to analyze the implications of innovation subsidies and innovation cooperations between firms.


Recent Preprints:

19005 Herbert Dawid, Michael Kopel, Peter Kort PDF

Product Innovation With Partial Capacity Rollover

Project: C2

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Product Innovation With Partial Capacity Rollover


Authors: Herbert Dawid, Michael Kopel, Peter Kort Projects: C2
Submission Date: 15.03.2019 Submitter: Frank Riedel
Download: PDF Link: 19005

18040 Xingang Wen PDF

Strategic Capacity Investment under Uncertainty with Volume Flexibility

Project: C2

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Strategic Capacity Investment under Uncertainty with Volume Flexibility


Authors: Xingang Wen Projects: C2
Submission Date: 16.08.2018 Submitter: Herbert Dawid
Download: PDF Link: 18040

18005 Serhat Gezer PDF

Delaying Product Introduction: A Dynamic Analysis with Endogenous Time Horizon

Project: C2

Published: Journal of Economic Dynamics and Control 102 (2019), 96-114

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Delaying Product Introduction: A Dynamic Analysis with Endogenous Time Horizon


Authors: Serhat Gezer Projects: C2
Submission Date: 09.02.2018 Submitter: Herbert Dawid
Download: PDF Link: 18005
Published: Journal of Economic Dynamics and Control 102 (2019), 96-114

18004 Verena Hagspiel, Peter Kort, Simona Bigerna, Xingang Wen PDF

Green Electricity Investments: Environmental Target and the Optimal Subsidy

Project: C2

To appear: European Journal of Operational Research (2019)

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Green Electricity Investments: Environmental Target and the Optimal Subsidy


Authors: Verena Hagspiel, Peter Kort, Simona Bigerna, Xingang Wen Projects: C2
Submission Date: 22.01.2018 Submitter: Herbert Dawid
Download: PDF Link: 18004
To appear: European Journal of Operational Research (2019)



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