Peter M. Kort

Tilburg University - Department of Econometrics & Operations Research

Tilburg, 5000 LE

Netherlands

http://center.uvt.nl/staff/kort/

Tilburg University - Center for Economic Research (CentER)

P.O. Box 90153

Tilburg, 5000 LE

Netherlands

SCHOLARLY PAPERS

46

DOWNLOADS
Rank 4,289

SSRN RANKINGS

Top 4,289

in Total Papers Downloads

7,846

CITATIONS
Rank 6,242

SSRN RANKINGS

Top 6,242

in Total Papers Citations

80

Scholarly Papers (46)

1.

Strategic Investment Under Uncertainty: Merging Real Options with Game Theory

CentER Discussion Paper No. 2003-06
Number of pages: 22 Posted: 14 May 2004
Tilburg University, CentER, Tilburg University - Department of Econometrics & Operations Research, Lancaster University - Department of Accounting and Finance and Trinity College (Dublin) - Department of Economics
Downloads 1,034 (15,066)
Citation 9

Abstract:

Real Options in an Asymmetric Duopoly: Who Benefits from Your Competitive Disadvantage?

EFA 2002 Berlin Meetings Presented Paper; EFMA 2002 London Meetings; CentER Discussion Paper No. 2001-95
Number of pages: 34 Posted: 22 Mar 2002
Grzegorz Pawlina and Peter M. Kort
Lancaster University - Department of Accounting and Finance and Tilburg University - Department of Econometrics & Operations Research
Downloads 664 (30,920)
Citation 19

Abstract:

real options, capital budgeting, strategic investment, social welfare

Real Options in an Asymmetric Duopoly: Who Benefits from your Competitive Disadvantage?

Journal of Economics & Management Strategy, Vol. 15, No. 1, pp. 1-35, March 2006
Number of pages: 35 Posted: 13 Apr 2006
Grzegorz Pawlina and Peter M. Kort
Lancaster University - Department of Accounting and Finance and Tilburg University - Department of Econometrics & Operations Research
Downloads 18 (476,252)
Citation 19
  • Add to Cart

Abstract:

3.

Strategic Technology Adoption Taking Into Account Future Technological Improvements: A Real Options Approach

Tilburg University Center for Economic Research Working Paper No. 52
Number of pages: 42 Posted: 14 Nov 2000
Kuno Huisman and Peter M. Kort
Tilburg University, CentER and Tilburg University - Department of Econometrics & Operations Research
Downloads 607 (34,608)
Citation 6

Abstract:

Technological uncertainty, Adoption, Preemption, War of attrition, Real options

4.

Strategic Capital Budgeting: Asset Replacement under Market Uncertainty

EFMA 2002 London Meetings
Number of pages: 30 Posted: 20 Jun 2002
Grzegorz Pawlina and Peter M. Kort
Lancaster University - Department of Accounting and Finance and Tilburg University - Department of Econometrics & Operations Research
Downloads 532 (40,689)
Citation 3

Abstract:

capital budgeting, real options, first passage time, product market uncertainty, Cournot duopoly

5.

Strategic Quality Choice Under Uncertainty: A Real Options Approach

Number of pages: 27 Posted: 22 Mar 2002 Last Revised: 30 Apr 2015
Grzegorz Pawlina and Peter M. Kort
Lancaster University - Department of Accounting and Finance and Tilburg University - Department of Econometrics & Operations Research
Downloads 432 (53,550)

Abstract:

quality choice, real options, dynamic programming

6.

Risk Aversion, Price Uncertainty, and Irreversibility of Investments

Number of pages: 18 Posted: 21 Mar 2002
Tilburg University - Department of Finance, Tilburg University, CentER and Tilburg University - Department of Econometrics & Operations Research
Downloads 403 (58,054)

Abstract:

investment under uncertainty, real options, risk-averse investor, incomplete markets

Pollution Abatement Investment When Environmental Regulation Is Uncertain

FEEM Working Paper No. 75.98
Number of pages: 31 Posted: 29 Jan 1999
Y. Hossein Farzin and Peter M. Kort
University of California, Davis - Department of Agricultural and Resource Economics and Tilburg University - Department of Econometrics & Operations Research
Downloads 338 (72,563)
Citation 7

Abstract:

Pollution Abatement Investment When Environmental Regulation is Uncertain

Journal of Public Economic Theory, Vol. 2, No. 2, pp. 183-212, April 2000
Posted: 24 Dec 2000
Y. Hossein Farzin and Peter M. Kort
University of California, Davis - Department of Agricultural and Resource Economics and Tilburg University - Department of Econometrics & Operations Research

Abstract:

8.

Investment under Uncertainty and Policy Change

EFA 2002 Berlin Meetings Discussion Paper
Number of pages: 29 Posted: 28 May 2001
Grzegorz Pawlina and Peter M. Kort
Lancaster University - Department of Accounting and Finance and Tilburg University - Department of Econometrics & Operations Research
Downloads 330 (73,123)
Citation 6

Abstract:

investment under uncertainty, real options, policy change

9.

Uncertainty and Stepwise Investment

EFA 2007 Ljubljana Meetings Paper
Number of pages: 26 Posted: 02 Mar 2007 Last Revised: 20 Dec 2009
Peter M. Kort, Pauli Murto and Grzegorz Pawlina
Tilburg University - Department of Econometrics & Operations Research, Helsinki School of Economics & Business Administration and Lancaster University - Department of Accounting and Finance
Downloads 209 (118,806)
Citation 2

Abstract:

Investment analysis, real options, capital budgeting, project flexibility, dynamic programming

10.

Optimal Dynamic Investment Policy Under Different Rates for Tax Depreciation and Economic Depreciation

Tilburg University, CentER Working Paper No. 1999-59
Number of pages: 30 Posted: 23 Mar 2000
J. Wielhouwer, Anja De Waegenaere and Peter M. Kort
VU University Amsterdam, Tilburg University - Center for Economic Research (CentER) and Tilburg University - Department of Econometrics & Operations Research
Downloads 203 (124,423)
Citation 2

Abstract:

optimization, optimal, control, investment, depreciation, taxation

11.

Strategic Capacity Investment Under Uncertainty

CentER Discussion Paper Series No. 2013-003
Number of pages: 35 Posted: 12 Jan 2013
Kuno Huisman and Peter M. Kort
Tilburg University, CentER and Tilburg University - Department of Econometrics & Operations Research
Downloads 169 (110,209)
Citation 3

Abstract:

Investment under Uncertainty, Entry Deterrence/Accomodation, Duopoly, Capacity Choice

12.

Investment in High-Tech Industries: An Example from the LCD Industry

CentER Discussion Paper Series No. 2007-85
Number of pages: 26 Posted: 04 Nov 2007
Kuno Huisman, Peter M. Kort and Joseph Plasmans
Tilburg University, CentER, Tilburg University - Department of Econometrics & Operations Research and University of Antwerp - Department of Economics
Downloads 159 (142,535)
Citation 1

Abstract:

High-tech Investment, Investment under Uncertainty, Product Innovation, Real Options, Vector Autoregressive Model

13.

Innovation Strategies in a Competitive Dynamic Setting

CESifo Working Paper Series No. 1395
Number of pages: 31 Posted: 04 Feb 2005
Joseph Plasmans, Ruslan Lukach and Peter M. Kort
University of Antwerp - Department of Economics, University of Antwerp - Faculty of Applied Economics and Tilburg University - Department of Econometrics & Operations Research
Downloads 150 (159,210)
Citation 1

Abstract:

innovation, R&D, spillovers, cooperation

14.

Optimal R&D Investment Strategies with Quantity Competition under the Threat of Superior Entry

CESifo Working Paper Series No. 1385
Number of pages: 39 Posted: 14 Jan 2005
Joseph Plasmans, Ruslan Lukach and Peter M. Kort
University of Antwerp - Department of Economics, University of Antwerp - Faculty of Applied Economics and Tilburg University - Department of Econometrics & Operations Research
Downloads 131 (177,336)
Citation 2

Abstract:

investment under uncertainty, real options, R&D, competition

15.

Analysis of the Properties of Current Penalty Schemes for Violations of Antitrust Law

CentER Discussion Paper No. 2004-97
Number of pages: 27 Posted: 12 Nov 2004
Evgenia Motchenkova and Peter M. Kort
VU University Amsterdam - Department of Economics and Tilburg University - Department of Econometrics & Operations Research
Downloads 131 (171,322)
Citation 2

Abstract:

Antitrust, law, policy

16.

Optimal Tax Depreciation Under A Progressive Tax System

Number of pages: 24 Posted: 24 Nov 2000
Peter M. Kort, J. Wielhouwer and Anja De Waegenaere
Tilburg University - Department of Econometrics & Operations Research, VU University Amsterdam and Tilburg University - Center for Economic Research (CentER)
Downloads 130 (176,326)
Citation 1

Abstract:

tax depreciation, progressive tax system, discounting, dynamic optimization, path coupling.

17.

Risk Aversion, Price Uncertainty, and Irreversible Investments

CentER Discussion Paper No. 2003-119
Number of pages: 20 Posted: 17 Jun 2004
Tilburg University - Department of Finance, Tilburg University, CentER and Tilburg University - Department of Econometrics & Operations Research
Downloads 124 (187,201)

Abstract:

Investments under uncertainty, real options, risk averse investor, incomplete markets

18.

Investment in Oligopoly Under Uncertainty: Accordion Effect

CentER Discussion Paper Series No. 2006-69
Number of pages: 38 Posted: 17 Sep 2006
Romain Bouis, Kuno Huisman and Peter M. Kort
International Monetary Fund (IMF), Tilburg University, CentER and Tilburg University - Department of Econometrics & Operations Research
Downloads 123 (177,336)
Citation 6

Abstract:

investment, real options, oligopoly

19.

Environmental Policy, the Porter Hypothesis and the Composition of Capital: Effects of Learning and Techonological Progress

CentER Discussion Paper No. 2003-61
Number of pages: 29 Posted: 23 Jun 2004
Vienna University of Technology - Institute for Econometrics, Operations Research and Systems Theory, University of Vienna, Tilburg University - Department of Econometrics & Operations Research and Vienna University of Technology - Institute for Econometrics, Operations Research and Systems Theory
Downloads 118 (194,321)
Citation 1

Abstract:

Environmental policy, capital, learning, technological change

20.

A Resource-Constrained Optimal Control Model for Crackdown on Illicit Drug Markets

Tilburg University, CentER Working Paper No. 1999-85
Number of pages: 28 Posted: 20 Nov 2000
Rutgers Business School - Camden, Vienna University of Technology - Institute for Econometrics, Operations Research and Systems Theory, University of Vienna, Tilburg University - Department of Econometrics & Operations Research and Vienna University of Technology - Institute for Econometrics, Operations Research and Systems Theory
Downloads 107 (207,179)
Citation 1

Abstract:

crackdown enforcement, optimal control, crime, drugs

New Product Introduction and Capacity Investment by Incumbents: Effects of Size on Strategy

Number of pages: 43 Posted: 22 Feb 2010
Herbert Dawid, Michael Kopel and Peter M. Kort
Bielefeld University - Department of Business Administration and Economics, University of Graz and Tilburg University - Department of Econometrics & Operations Research
Downloads 103 (221,187)

Abstract:

product portfolio selection, price-capacity-choice, firm size and innovation

22.

Finite Project Life and Uncertainty Effects on Investment

Journal of Economic Dynamics and Control, Vol. 32, No. 7, 2008, CentER Discussion Paper Series No. 2006-124
Number of pages: 24 Posted: 14 Jan 2007 Last Revised: 01 Jul 2013
Sebastian Gryglewicz, Kuno Huisman and Peter M. Kort
Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE), Tilburg University, CentER and Tilburg University - Department of Econometrics & Operations Research
Downloads 101 (215,555)
Citation 3

Abstract:

investment, uncertainty, finite project lenghth

R&D Competition Versus R&D Cooperation in Oligopolistic Markets with Evolving Structure

Bielefeld Working Papers in Economics and Management No. 06-2013
Number of pages: 24 Posted: 09 Mar 2013
Herbert Dawid, Peter M. Kort and Michael Kopel
Bielefeld University - Department of Business Administration and Economics, Tilburg University - Department of Econometrics & Operations Research and University of Graz
Downloads 94 (235,675)

Abstract:

R&D Competition versus R&D Cooperation in Oligopolistic Markets with Evolving Structure

International Journal of Industrial Organization, Vol. 31, No. 5, 2013
Posted: 11 Feb 2014
Herbert Dawid, Michael Kopel and Peter M. Kort
Bielefeld University - Department of Business Administration and Economics, University of Graz and Tilburg University - Department of Econometrics & Operations Research

Abstract:

R&D, Competition, Cooperation, Product innovation, Capital accumulation, Differential game

24.

Multi-stage Innovations: The Value of Flexibility in a Strategic Setting

Number of pages: 33 Posted: 25 Nov 2006
Herbert Dawid, Michael Kopel and Peter M. Kort
Bielefeld University - Department of Business Administration and Economics, University of Graz and Tilburg University - Department of Econometrics & Operations Research
Downloads 94 (226,031)

Abstract:

product and process innovation, multi-stage decision making, market introduction, innovation incentives

25.

Firm Level Productivity Under Imperfect Competition in Output and Labor Markets

CESifo Working Paper Series No. 3082
Number of pages: 50 Posted: 15 Jun 2010
Tilburg University, Tilburg University - Department of Econometrics & Operations Research, Tilburg University - Center for Economic Research (CentER), University of Antwerp - Department of Economics and Hasselt University
Downloads 87 (224,506)

Abstract:

26.

Standard-Creating Coalitions: Open vs. Proprietary Standards

Number of pages: 42 Posted: 06 Dec 2007
Ruslan Lukach, Peter M. Kort and Joseph Plasmans
University of Antwerp - Faculty of Applied Economics, Tilburg University - Department of Econometrics & Operations Research and University of Antwerp - Department of Economics
Downloads 84 (242,356)

Abstract:

Standardization, R&D, Coalition Formation, Nash Equilibrium

27.

Strategic R&D with Knowledge Spillovers and Endogenous Time to Complete

CESifo Working Paper No. 2027, CentER Discussion Paper Series No. 2007-38
Number of pages: 35 Posted: 18 Jun 2007
Ruslan Lukach, Peter M. Kort and Joseph Plasmans
University of Antwerp - Faculty of Applied Economics, Tilburg University - Department of Econometrics & Operations Research and University of Antwerp - Department of Economics
Downloads 72 (267,090)

Abstract:

R&D Investment, Competition, Preemption; Attrition

28.

Willingness to Wait Under Risk and Ambiguity

Number of pages: 38 Posted: 05 Jun 2012 Last Revised: 27 Aug 2014
APG - Asset Management, Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE) and Tilburg University - Department of Econometrics & Operations Research
Downloads 63 (245,886)

Abstract:

Waiting, real options, risk, ambiguity, experiment

29.

Time to Complete and Research Joint Ventures: A Differential Game Approach

CentER Discussion Paper No. 2005-29
Number of pages: 33 Posted: 05 Apr 2005
Jorge Navas and Peter M. Kort
University of Barcelona - Department of Actuarial, Financial and Economic Mathematics and Tilburg University - Department of Econometrics & Operations Research
Downloads 61 (289,000)
Citation 2

Abstract:

Differential games, research joint ventures, time to complete

30.

Increasing Returns and Cycles in Fishing

Tilburg University, CentER Working Paper No. 2000-57
Number of pages: 27 Posted: 20 Oct 2000
Matti Liski, Peter M. Kort and Andreas J. Novak
Aalto University - Department of Economics, Tilburg University - Department of Econometrics & Operations Research and University of Vienna - Department of Statistics and Decision Support Systems
Downloads 59 (300,888)
Citation 2

Abstract:

Nonconvexities, Adjustment costs, Hopf bifurcation, Renerable resources

31.

Product Innovation Incentives by an Incumbent Firm: A Dynamic Analysis

Bielefeld Working Papers in Economics and Management No. 11-2014
Number of pages: 38 Posted: 02 Sep 2014
Bielefeld University - Department of Business Administration and Economics, Bielefeld University - Department of Business Administration and Economics, University of Graz and Tilburg University - Department of Econometrics & Operations Research
Downloads 58 (237,270)

Abstract:

product innovation, multi-product firm, R&D, piecewise deterministic optimal control, Skiba curve

32.

Optimal Investment in Learning-Curve Technologies

Journal of Economic Dynamics and Control, Vol. 36, No. 10, 2012
Number of pages: 41 Posted: 22 Mar 2011 Last Revised: 12 Apr 2013
APG - Asset Management, Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE) and Tilburg University - Department of Econometrics & Operations Research
Downloads 56 (279,879)

Abstract:

investment, learning by doing, investment timing, investment scale

33.

The Deterministic Impulse Control Maximum Principle in Operations Research: Necessary and Sufficient Optimality Conditions

CentER Discussion Paper Series No. 2011-133
Number of pages: 20 Posted: 05 May 2011 Last Revised: 07 Dec 2011
Mohammed Chahim, R. F. Hartl and Peter M. Kort
TNO Netherlands Organisation for Applied Scientific Research, University of Vienna and Tilburg University - Department of Econometrics & Operations Research
Downloads 50 (303,397)

Abstract:

Impulse Control Maximum Principle, Optimal Control, discrete continuous system, state-jumps, present value formulation

34.

Standard-Creating Coalitions in Oligopoly with Differentiated Products and Variable Network Density

Number of pages: 30 Posted: 27 Jun 2007
Ruslan Lukach, Peter M. Kort and Joseph Plasmans
University of Antwerp - Faculty of Applied Economics, Tilburg University - Department of Econometrics & Operations Research and University of Antwerp - Department of Economics
Downloads 47 (328,076)
Citation 1

Abstract:

Standards, Coalition creation, R&D

35.

Product Innovation with Lumpy Investment

CentER Discussion Paper Series No. 2012-074
Number of pages: 29 Posted: 15 Sep 2012
TNO Netherlands Organisation for Applied Scientific Research, affiliation not provided to SSRN, University of Vienna and Tilburg University - Department of Econometrics & Operations Research
Downloads 31 (362,474)

Abstract:

Impulse Control Maximum Principle, Optimal Control, discrete continuous system, state-jumps, product innovation, retrofitting

36.

Volume Flexibility and Capacity Investment: A Real Options Approach

CentER Discussion Paper Series No. 2015-022
Number of pages: 30 Posted: 02 Apr 2015
Xingang Wen, Peter M. Kort and Dolf Talman
Tilburg University - Center for Economic Research (CentER), Tilburg University - Department of Econometrics & Operations Research and Tilburg University - Department of Econometrics & Operations Research
Downloads 28 (282,099)

Abstract:

Investment under Uncertainty, Monopoly, Capacity Choice

37.

An Impulse Control Approach to Dike Height Optimization

CentER Working Paper Series No. 2011-097
Number of pages: 24 Posted: 02 Sep 2011 Last Revised: 27 Sep 2012
TNO Netherlands Organisation for Applied Scientific Research, Tilburg University - Center and Faculty of Economics and Business Administration, Tilburg University - Department of Econometrics & Operations Research and Tilburg University - Department of Econometrics & Operations Research
Downloads 25 (376,771)

Abstract:

Impulse Control Maximum Principle, Optimal Control, flood prevention, dikes, cost-benefit analysis

38.

Merger Incentives and the Failing Firm Defense

The Journal of Industrial Economics, Vol. 62, Issue 3, pp. 436-466, 2014
Number of pages: 31 Posted: 02 Sep 2014
Jan Bouckaert and Peter M. Kort
University of Antwerp - Department of Economics and Tilburg University - Department of Econometrics & Operations Research
Downloads 1 (550,965)
  • Add to Cart

Abstract:

39.

Strategic Quality Choice Under Uncertainty: A Real Options Approach

The Manchester School, Vol. 78, Issue 1, pp. 1-19, January 2010
Number of pages: 19 Posted: 28 Dec 2009
Grzegorz Pawlina and Peter M. Kort
Lancaster University - Department of Accounting and Finance and Tilburg University - Department of Econometrics & Operations Research
Downloads 1 (550,965)
  • Add to Cart

Abstract:

40.

Dynamic Investment Strategies and Leadership in Product Innovation

Bielefeld Working Papers in Economics and Management No. 03-2017
Number of pages: 30 Posted: 10 Mar 2017
Bielefeld University - Department of Business Administration and Economics, Bielefeld University - Department of Business Administration and Economics, University of Graz and Tilburg University - Department of Econometrics & Operations Research
Downloads 0 (334,021)

Abstract:

product innovation strategy, capacity investment, dynamic competition, Markov Perfect Equilibrium

41.

Numerical Analysis of Markov-Perfect Equilibria with Multiple Stable Steady States: A Duopoly Application with Innovative Firms

Bielefeld Working Papers in Economics and Management No. 05-2016
Number of pages: 21 Posted: 10 Mar 2016
Bielefeld University - Department of Business Administration and Economics, Bielefeld University - Department of Business Administration and Economics and Tilburg University - Department of Econometrics & Operations Research
Downloads 0 (334,021)

Abstract:

Markov-Perfect Equilibrium, Skiba Curve, Collocation, R&D Competition, Product Innovation

42.

Entry Deterrence by Timing Rather than Overinvestment in a Strategic Real Options Framework

Bielefeld Working Papers in Economics and Management No. 02-2015
Number of pages: 43 Posted: 21 Oct 2015
Tilburg University, Bielefeld University - Department of Business Administration and Economics, Tilburg University - Department of Econometrics & Operations Research and Tilburg University - Department of Econometrics & Operations Research
Downloads 0 (271,219)

Abstract:

Incumbent/Entrant, Capacity choice, Investment under Uncertainty, Oligopoly, Real-Option Games

43.

A Game of Settlements in Public Contracts

International Game Theory Review (IGTR), 2009
Posted: 15 Jun 2010 Last Revised: 16 Jun 2010
Wilfried Pauwels and Peter M. Kort
Faculty of Applied Economics UFSIA-RUCA and Tilburg University - Department of Econometrics & Operations Research

Abstract:

44.

Effects of Tax Depreciation on Optimal Firm Investment

CentER Discussion Paper Series No. 1999-58
Posted: 06 Aug 2000
J. Wielhouwer, Peter M. Kort and Anja De Waegenaere
VU University Amsterdam, Tilburg University - Department of Econometrics & Operations Research and Tilburg University - Center for Economic Research (CentER)

Abstract:

Optimization, taxation, depreciation, investment, share valuation

45.

Effects of Strategic Interactions on the Option Value of Waiting

CentER Working Paper Series No. 1999-92
Posted: 14 Apr 2000
Kuno Huisman and Peter M. Kort
Tilburg University, CentER and Tilburg University - Department of Econometrics & Operations Research

Abstract:

46.

Optimal R&D Investments of the Firm

OR Spektrum, Vol. 20, Issue 3, 1998
Posted: 26 Oct 1998
Peter M. Kort
Tilburg University - Department of Econometrics & Operations Research

Abstract: