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題名 Investment with network externality under uncertainty
作者 許志堅
Lu, Chia-Chi;Hung, Weifeng;Sheu, Jyh-Jian;Shih, Pai-Ta
貢獻者 廣電系
關鍵詞 Consumer`s Waiting-to-Buy Effect;G12;Network Externality;O31;O34;Real Option Investment
日期 2011.02
上傳時間 9-Dec-2013 13:37:30 (UTC+8)
摘要 The purpose of this paper is to develop a real option model with a stochastic network size to simultaneously consider firm`s investment and household`s consumption behaviors in an equilibrium framework. First, the consumer`s waiting-to-buy effect is crucial in determining trigger network size of firm`s investment. Second, increasing network externality has an ambiguous effect on trigger network size of firm`s investment. Third, using NPV rule not only underestimates trigger network size but, also possibly results in the misleading relationship between network externality and trigger network size.
關聯 Review of Quantitative Finance and Accounting, 36(4), 555-564
資料類型 article
dc.contributor 廣電系en_US
dc.creator (作者) 許志堅zh_TW
dc.creator (作者) Lu, Chia-Chi;Hung, Weifeng;Sheu, Jyh-Jian;Shih, Pai-Taen_US
dc.date (日期) 2011.02en_US
dc.date.accessioned 9-Dec-2013 13:37:30 (UTC+8)-
dc.date.available 9-Dec-2013 13:37:30 (UTC+8)-
dc.date.issued (上傳時間) 9-Dec-2013 13:37:30 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/62303-
dc.description.abstract (摘要) The purpose of this paper is to develop a real option model with a stochastic network size to simultaneously consider firm`s investment and household`s consumption behaviors in an equilibrium framework. First, the consumer`s waiting-to-buy effect is crucial in determining trigger network size of firm`s investment. Second, increasing network externality has an ambiguous effect on trigger network size of firm`s investment. Third, using NPV rule not only underestimates trigger network size but, also possibly results in the misleading relationship between network externality and trigger network size.en_US
dc.format.extent 282289 bytes-
dc.format.mimetype application/pdf-
dc.language.iso en_US-
dc.relation (關聯) Review of Quantitative Finance and Accounting, 36(4), 555-564en_US
dc.subject (關鍵詞) Consumer`s Waiting-to-Buy Effect;G12;Network Externality;O31;O34;Real Option Investmenten_US
dc.title (題名) Investment with network externality under uncertaintyen_US
dc.type (資料類型) articleen