Comments on the Willingness of an Economic Agency to Pay for Parallel Research Efforts
作者:
MehrezAbraham,
期刊:
Journal of the Operational Research Society
(Taylor Available online 1989)
卷期:
Volume 40,
issue 8
页码: 787-788
ISSN:0160-5682
年代: 1989
DOI:10.1057/jors.1989.130
出版商: Taylor&Francis
关键词: information value;research strategies;risk-neutral decision-taker
数据来源: Taylor
摘要:
AbstractAn analysis of the willingness of a risk-neutral decision-taker to pay for a parallel research strategy is undertaken. The results, which are based on the management science/operational research literature about the value of information, examine the relationship between this willingness to pay and the statistical moments of the distribution of research outcomes. Only the benefits are considered in studying the above-mentioned problem in a non-traditional economic approach. More precisely, the case of the winner-takes-all is studied to evaluate the willingness to pay for a parallel strategy rather than for a non-parallel one. Upper bounds on the willingness to pay are computed and analysed with respect to the distribution of research outcomes.
点击下载:
PDF (1848KB)
返 回