M
M. J. M. Posner
Publications - 1
Citations - 27
M. J. M. Posner is an academic researcher. The author has contributed to research in topics: Optimal stopping. The author has an hindex of 1, co-authored 1 publications receiving 27 citations.
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Optimal R&D programs in a random environment
M. J. M. Posner,D. Zuckerman +1 more
TL;DR: In this article, a stochastic R&D model with flexible termination time and without rivalry is examined. But the main purpose of the study is to determine the optimal stopping time of the project and to characterize qualitatively the firm's expenditure strategy.