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A patent race in a real options setting: Investment strategy, valuation, CAPM beta, and return volatility

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  • Meng, Rujing

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  • Meng, Rujing, 2008. "A patent race in a real options setting: Investment strategy, valuation, CAPM beta, and return volatility," Journal of Economic Dynamics and Control, Elsevier, vol. 32(10), pages 3192-3217, October.
    • Handle: RePEc:eee:dyncon:v:32:y:2008:i:10:p:3192-3217
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    Cited by:

    1. Wynn, Katherine & Spangenberg, German & Smith, Kevin & Wilson, William, 2017. "Valuing Genetically Modified Traits in Canola Using Real Options," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 42(2), May.
    2. Mohd Shadab Danish & Pritam Ranjan & Ruchi Sharma, 2022. "Assessing the Impact of Patent Attributes on the Value of Discrete and Complex Innovations," Papers 2208.07222, arXiv.org.
    3. Cerqueti Roy & Ventura Marco, 2015. "Patent Valuation under Spatial Point Processes with Delayed and Decreasing Jump Intensity," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 15(2), pages 433-456, July.
    4. Danmo Lin, 2023. "Accelerability vs. Scalability: R&D Investment Under Financial Constraints and Competition," Management Science, INFORMS, vol. 69(7), pages 4078-4107, July.
    5. Mohd Shadab Danish & Pritam Ranjan & Ruchi Sharma, 2021. "Identification of “Valuable” Technologies via Patent Statistics in India: An Analysis Based on Renewal Information," BASE University Working Papers 13/2021, BASE University, Bengaluru, India.
    6. Graham, Jeffrey, 2011. "Strategic real options under asymmetric information," Journal of Economic Dynamics and Control, Elsevier, vol. 35(6), pages 922-934, June.
    7. Iazzolino Gianpaolo & Migliano Giuseppe, 2015. "The Valuation of a Patent through the Real Options Approach: A Tutorial," Journal of Business Valuation and Economic Loss Analysis, De Gruyter, vol. 10(1), pages 99-116, January.
    8. Whalley, A. Elizabeth, 2011. "Optimal R&D investment for a risk-averse entrepreneur," Journal of Economic Dynamics and Control, Elsevier, vol. 35(4), pages 413-429, April.

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