Endogenous timing and the taxation of discrete investment choices

Paolo M. Panteghini

This article discusses the effects of taxation on the discrete choice of alternative projects. In particular, it is shown that if taxation affects the optimal timing of irreversible investment, then the discrete choice is distorted as well. This result has both methodological and political implications.

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Year of publication:	2002
Authors:	Panteghini, Paolo
Publisher:	Munich : Univ., Center for Economic Studies
Subject:	Unternehmensbesteuerung \| Corporate taxation \| Investition \| Investment \| Zeit \| Time \| Sunk Costs \| Sunk costs \| Theorie \| Theory \| Entscheidung unter Unsicherheit \| Decision under uncertainty

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Extent:	18 S
Series:	CESifo working papers : the international platform of Ludwig-Maximilians University's Center for Economic Studies and the Ifo Institute. - Munich : CESifo, ISSN 1617-9595, ZDB-ID 2023380-2. - Vol. 723
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Literaturverz. S. 17 - 18 Internetausg.: ftp://129.187.96.124/CESifo_WP/723.pdf
Source:	ECONIS - Online Catalogue of the ZBW

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