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Project C2: Innovation dynamics under market uncertainty and financial constraints


Principal Investigator(s)
Herbert Dawid
Investigator(s)
Xingang Wen
Visitor(s)
Currently no visitors.

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:

20101 Herbert Dawid, Xingang Wen PDF

Product innovation investment under technological uncertainty and financial constraints

Project: C2

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Product innovation investment under technological uncertainty and financial constraints


Authors: Herbert Dawid, Xingang Wen Projects: C2
Submission Date: 05.10.2020 Submitter: Frank Riedel
Download: PDF Link: 20101

20097 L’ubomír Baňas, Herbert Dawid, Tsiry Avisoa Randrianasolo, Johannes Storn, Xingang Wen PDF

On numerical approximation of a system of Hamilton-Jacobi-Bellman equations arising in innovation dynamics

Project: B3, B7, C2

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On numerical approximation of a system of Hamilton-Jacobi-Bellman equations arising in innovation dynamics


Authors: L’ubomír Baňas, Herbert Dawid, Tsiry Avisoa Randrianasolo, Johannes Storn, Xingang Wen Projects: B3, B7, C2
Submission Date: 28.08.2020 Submitter: Giorgio Ferrari
Download: PDF Link: 20097

20095 Xingang Wen, Peter Kort, Kuno J. M. Huisman PDF

Capacity Investment under Uncertainty with Volume Flexibility 1 | Preemption Analysis

Project: C2

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Capacity Investment under Uncertainty with Volume Flexibility 1 | Preemption Analysis


Authors: Xingang Wen, Peter Kort, Kuno J. M. Huisman Projects: C2
Submission Date: 25.08.2020 Submitter: Herbert Dawid
Download: PDF Link: 20095

20092 Herbert Dawid, Michel Y. Keoula, Michael Kopel, Peter Kort PDF

Dynamic investment strategies and leadership in product innovation

Project: C2

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Dynamic investment strategies and leadership in product innovation


Authors: Herbert Dawid, Michel Y. Keoula, Michael Kopel, Peter Kort Projects: C2
Submission Date: 10.08.2020 Submitter: Frank Riedel
Download: PDF Link: 20092

20066 Simona Bigerna, Xingang Wen, Verena Hagspiel, Peter Kort PDF

How damaging are environmental policy targets in terms of welfare?

Project: C2

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How damaging are environmental policy targets in terms of welfare?


Authors: Simona Bigerna, Xingang Wen, Verena Hagspiel, Peter Kort Projects: C2
Submission Date: 30.06.2020 Submitter: Herbert Dawid
Download: PDF Link: 20066

20027 Herbert Dawid, Gerd Muehlheusser PDF

Smart Products: Liability, Investments in Product Safety, and the Timing of Market Introduction

Project: C2

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Smart Products: Liability, Investments in Product Safety, and the Timing of Market Introduction


Authors: Herbert Dawid, Gerd Muehlheusser Projects: C2
Submission Date: 24.02.2020 Submitter: Frank Riedel
Download: PDF Link: 20027

19072 Herbert Dawid, Serhat Gezer PDF

Delaying Product Introduction in a Duopoly: A Strategic Dynamic Analysis

Project: C2

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Delaying Product Introduction in a Duopoly: A Strategic Dynamic Analysis


Authors: Herbert Dawid, Serhat Gezer Projects: C2
Submission Date: 26.09.2019 Submitter: Frank Riedel
Download: PDF Link: 19072

19005 Herbert Dawid, Michael Kopel, Peter Kort PDF

Product Innovation With Partial Capacity Rollover

Project: C2

Published: Central European Journal of Operations Research 28, no. 2 (2020), 479—496

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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
Published: Central European Journal of Operations Research 28, no. 2 (2020), 479—496

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



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