Selected Academic Publications

· Lihui Lin and Kulatilaka, Nalin (2006), " Network Effects and Technology Licensing: Managerial Decisions for Fixed Fee, Royalty, and Hybrid Licensing ," Forthcoming in Journal of Management Information Systems (Fall 2006).

· Kulatilaka, Nalin and Lihui Lin(2006), " Impact of Licensing on Investment and Financing of Technology Development.," Forthcoming in Management Science. Vol. 52 (December)

· Kogut, Bruce and Nalin Kulatilaka, (2003), "Comment: Real Option Pricing and Organizations: The Contingent Risks of Extended Theoretical Domains," Academy of Management Review Vol. 29, No. 1, 102-110.

· Kogut, Bruce and Nalin Kulatilaka, (2001), "Capabilities as Real Options ", Organizational Science.Vol. 12, No. 6, pp. 744-758.

· Kogut, Bruce and Nalin Kulatilaka, (2001), "Strategy, Heuristics, and Real Options ", in The Oxford Handbook of Strategy.

· Kulatilaka, Nalin and N. Venkatraman, (2001), " Strategic Options in the Digital Era ", Business Strategy Review , Volume 12, No. 4.

· Kulatilaka, Nalin, and Enrico Perotti, (2000), "Time-to-Market Advantage as a Stackelberg Growth Option, in E. Schwartz and L. Trigeorgis (eds) "Innovation and Strategy: New Developments and Applications in Real Options", Oxford University Press.

· Amram, Martha and Nalin Kulatilaka, (2000), "Strategy and Shareholder Value Creation: The Real Options Frontier ", Journal of Applied Corporate Finance , Summer.

· Kulatilaka, Nalin, P. Balasubramanian and John Storck, (1999) " Using Real Options to Frame the IT Investment Problemin Real Options and Business Strategy Applications to Decision-Making Risk Publications , October (Page proofs.)

· Amram, Martha and Nalin Kulatilaka (1999), "Disciplined Decisions: Aligning Strategy with the Financial Markets ", Harvard Business Review, January/February.

· Kulatilaka, Nalin, and Enrico Perotti, (1998) "Strategic Growth Options" Management Science. Vol. 44, No. 8, August, 1021-1031

· Kulatilaka, Nalin and Alan Marcus, (1995), "Valuing Employee Stock Options ", Financial Analysts Journal, Volume 50, No. 646-56.

· Kogut, Bruce and Nalin Kulatilaka (1994) "Options Thinking and Platform Investments: Investing in Opportunity",California Management Review (Summer ), Vol. 36, No. 4.

· Kulatilaka, Nalin and Alan Marcus, (1994) "Hedging Foreign Project Risk", Journal of International Financial Management and Accounting (June), Vol. 5, No. 2., 142-156.

· Nalin Kulatilaka and Lenos Trigeorgis. (1994) "The General Flexibility to Switch: Real Options Revisited", International Journal of Finance, Vol. 6, No. 2 (Fall).

· Kogut, Bruce and Nalin Kulatilaka (1993), "Operating Flexibility, Global Manufacturing, and the Option Value of a Multinational Network", Management Science , (Fall ), Vol. 40, No. 1. 123-139.

· Kulatilaka, Nalin (1993), “The Value of Flexibility: The Case of Dual-Fuel Industrial Steam Boilers”, Financial Management , (Autumn 1993), pp. 271-280.

· Kulatilaka, Nalin and Alan Marcus, (1992) "Project Valuation under Uncertainty: When does DCF Fail?," Journal of Applied Corporate Finance, Vol. 5 (Fall), pp. 92-100.

· Kulatilaka, Nalin and Stephen Marks (1988) "The Strategic Value of Flexibility: Reducing the Ability to Compromise ", American Economic Review, Vol. 78, No. 3, (June),574-580.

· Anandalingam, G., and Nalin Kulatilaka (1984) " Decomposing Production Efficiency into Technical, Allocative, and Structural Components" Journal of the Royal Statistical Association, Series A (General), Vol. 150, Part 2, 143-151.

· Nalin Kulatilaka (1987), "The Specification of Partial Static Equilibrium Models", Review of Economics and Statistics , August.

· Nalin Kulatilaka (1985) "Capital Budgeting and the Timing of Investments in Flexible Manufacturing Systems", Annals of Operations Research ; 3, 35-57.

· Nalin Kulatilaka (1985) "Tests on the Validity of Static Equilibrium Models", Journal of Econometrics , 28, 253-268, (June).

· Nalin Kulatilaka (1994) "Operating Flexibilities in Capital Budgeting: Substitutability and Complementarity of Real Options", in Real Options and Capital Investments: New Contributions , ed. Lenos Trigeorgis, Praeger, (New York).

· Nalin Kulatilaka (1994)"The Value of Flexibility: A General Model of Flexibility", in Real Options and Capital Investments: New Contributions , ed. Lenos Trigeorgis, Praeger, (New York).

· Kulatilaka, Nalin and Alan Marcus (1988) "A General Formulation of Corporate Operating Options", in Research in Finance , Vol. 7, ed. Andrew Chen, JAI Press, (Spring), 183-199.

· Hsieh, David and Nalin Kulatilaka (1982) "Rational Expectations and Risk Premia in Forward Markets" Journal of Finance, Vol. 37, No.5, 1199-1207, (December).