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Two New Technologies

  • Kuno J. M. Huisman
Part of the Theory and Decision Library book series (TDLC, volume 28)

Abstract

One of the features of the models concerning the investment of new technologies considered in the previous chapter is that only one new technology was available. The availability of more consecutive new technologies complicates the technology investment decision considerably, since every time the firm evaluates an investment in a new technology it has to take into account that at a later point of time a more efficient technology will be invented.

Keywords

Current Technology Equilibrium Strategy Arrival Date Technology Investment Monopoly Profit 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media New York 2001

Authors and Affiliations

  • Kuno J. M. Huisman
    • 1
  1. 1.Centre for Quantitative Methods CQM B.V.EindhovenThe Netherlands

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