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Decision-making Analyses of Technological Innovation Investment under Technological Uncertainties |
CAO Guo-Hua, XIE Zhong, PENG Zhong-Da |
Chongqing University,Chongqing, China |
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Abstract Technological uncertainty is the main characteristic of technological innovation investment. This article introduces the technological uncertainty into the standard technical innovation investment model, and consequently gains the superior time-to-invest of duopoly firms under the technical uncertainty condition. Moreover, we analyze the technological uncertainty and its correlation coefficient's influence on the timetoinvest.
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Received: 12 April 2008
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