Browsing Working papers (FIN) by Author "Mæland, Jøril"
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Innovation, competition, and investment timing
Koskinen, Yrjö; Mæland, Jøril (Working paper;2013:3, Working paper, 2013)In our model multiple innovators compete against each other by submitting investment proposals to an investor. The investor chooses the least expensive proposal and when to invest in it. Innovators have to provide costly ...