Innovation dynamics under market uncertainty and financial constraints (C02)

本项目的目的是描述在既定市场上竞争并同时投资开发新产品和新生产能力的资金有限的公司的跨时最佳投资和市场引进战略。公司可能面临的不同类型的技术和市场的不确定性被认为是特别关注未来潜在的离散变化的经济制度影响市场的盈利能力。分析和数值方法的结合将被用来描述企业的均衡行为和由此产生的市场动态。开发的方法将应用于面临强烈不确定性的行业的特定挑战，例如智能产品的开发和生产。

The aim of this project is to characterize intertemporally optimal investment and market introduction strategies of financially constrained firms which compete on an established market and at the same time invest in the development of new products and new production capacities. Different types of technological and market uncertainty that firms might face are considered with particular focus on potential future discrete changes in the economic regime influencing the profitability of the market. A combination of analytical and numerical methods will be used to characterize firms’ equilibrium behavior and the resulting market dynamics. The developed methods will be applied in the context of specific challenges in industries facing strong uncertainty, such as the development and production of smart products.