Research and development project selection in the public sector

Journal of Policy Analysis and Management

Volumn 17, Issue 4, 1998, Pages 621-638

  Vonortas, Nicholas S ^a   Hertzfeld, Henry R ^a  

^a NONE

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0040679700     PISSN: 02768739     EISSN: None     Source Type: Journal    
DOI: 10.1002/(SICI)1520-6688(199823)17:4<621::AID-PAM2>3.0.CO;2-I     Document Type: Article

References (32)

1. Black, Fisher and Myron Scholes (1973), "The Pricing of Options and Corporate Liabilities," Journal of Political Economy 81, pp. 637-659.
2. Boeing (1989), "High-Speed Civil Transport Study," NASA Contractor Report No. 4233, Boeing Commercial Airplanes, New Airplane Development, September.
3. Bowman, Edward H. and Dileep Hurry (1993), "Strategy through the Option Lens: An Integrated View of Resource Investments and the Incremental Choice Process," Academy of Management Review 18(4), pp. 760-782.
4. Bozeman, Barry and Julia Melkers (eds.) (1993), Evaluating R&D Impacts: Methods and Practice (Boston: Kluwer Academic Publishers).
5. Brealey, Richard A. and Stewart C. Myers (1991), Principles of Corporate Finance, 4th ed. (New York: McGraw Hill).
6. Brennan, Michael and Eduardo Schwartz (1986), "A New Approach to Evaluating Natural Resource Investments," in Joel M. Stern and Donald H. Chew (eds.), The Revolution in Corporate Finance (New York: Blackwell).
7. Cohen, Linda R. and Roger G. Noll (1991), The Technology Pork Barrel (Washington, DC: The Brookings Institution).
8. Dixit, Avinash K. and Robert S. Pindyck (1994), Investment Under Uncertainty (Princeton, NJ: Princeton University Press).
9. Dixit, Avinash K. and Robert S. Pindyck (1995), "The Options Approach to Capital Investment," Harvard Business Review 73(3) (May/June), pp. 105-115.
10. Faulkner, Terrence W. (1996), "Options Pricing Theory and Strategic Thinking: Literature Review and Discussion," report (version 3.3), Eastman Kodak Company.
11. Gellman Research Associates (GRA) (1991a), "Review of Langford's Technology Benefit-Cost Method," October 15.
12. Gellman Research Associates (GRA) (1991b), "Technology Benefits and Validation Study: Task 3. Review of the Economics and Technology Literature," November 26.
13. Gellman Research Associates (GRA) (1991c), "Technology Benefits and Validation Study: Task 3: Draft Methodology Report," November 26.
14. Greenberg, Joel S. and Henry R. Hertzfeld (eds.) (1992), Space Economics (Washington, DC: American Institute of Aeronautics and Astronautics).
15. Hayes, Robert H. and William J. Abernathy (1980), "Managing Our Way to Economic Decline," Harvard Business Review (July/August), pp. 67-77.
16. Hertzfeld, Henry R. (1992), "Measuring Returns to Space Research and Development," in Joel S. Greenberg and Henry R. Hertzfeld (eds.), Space Economics (Washington, DC: American Institute of Aeronautics and Astronautics).
17. Hodder, James E. and Henry E. Riggs (1985), "Pitfalls in Evaluating Risky Projects," Harvard Business Review 85(1), pp. 128-135.
18. Langford, John S. III (1987), "Federal Investment in Aeronautical Research and Development: Analyzing the NASA Experience," Ph.D. dissertation, Massachusetts Institute of Technology.
19. Lee, Tom K. (1982), "On the Reswitching Property of R&D," Management Science 28(8), p. 900.
20. Lee, Tom K. (1985), "A Nonsequential R&D Search Model," Management Science 31(8), p. 959.
21. Luehrman, Timothy A. (1997), "What's Worth? A General Manager's Guide to Valuation," Harvard Business Review 75(5) (May/June), pp. 132-142.
22. Merton, Robert (1973), "Theory of Rational Option Pricing," Bell Journal of Economics and Management Science 4, pp. 141-183.
23. Mitchell, Graham R. and William F. Hamilton (1988), "Managing R&D as a Strategic Option," Research Technology Management 31(3), pp. 15-24.
24. Myers, Stewart C. (1977), "Determinants of Corporate Borrowing," Journal of Financial Economics 5, pp. 147-176.
25. National Aeronautics and Space Administration (NASA) (1995), "Fact Sheet on Aeronautics: NASA FY1996 Budget Request Briefing Package," NASA Headquarters, Washington, DC, January.
26. Newton, David P. and Alan W. Pearson (1994), "Application of Option Pricing Theory to R&D," R&D Management 24(1), pp. 83-89.
27. Office of Management and Budget (OMB), Executive Office of the President (1992), "Circular A-94: Revised," October 29.
28. Office of Technology Assessment (OTA) (1986), Research Funding as Investment: Can We Measure the Returns? (Washington, DC: Office of Technology Assessment).
29. Pindyck, Robert S. (1991), "Irreversibility, Uncertainty, and Investment," Journal of Economic Literature XXIX, pp. 1110-1148.
30. Schmitt, Roland W. (1985), "Successful Corporate R&D," Harvard Business Review 63 (May/ June), pp. 124-128.
31. Vonortas, Nicholas S. (1995), "New Directions for U.S. Science and Technology Policy: The View From the R&D Assessment Front," Science and Public Policy 22(1), pp. 19-28.
32. Williams, Louis J., H. Roy Herbert and Joseph L. Anderson (1978), A Method for the Analysis of the Research and Costs for Aeronautical Research and Technology (Palo Alto, CA: Ames Research Center, National Aeronautics and Space Administration).