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Risk Premia and Preemption in R&D Ventures ∗

By Alan Kraus, Bart Lambrecht, Vasant Naik, Dave Nordquist, José Olivares, Uday Rajan, Jacob Sagi, Margaret Slade, Joshua Slive, Johan Sulaeman and Sheridan Titman


The usual disclaimer applies. Financial support from The University of British Columbia and the Entrepreneurship Research Alliance at UBC is gratefully acknowledged. Earlier versions of this paper appeared under the title “Preemption Risk and the Valuation of R&D Ventures”

Year: 2000
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