Endogenous Timing and the Taxation of Discrete Investment Choices

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
Institutions:	CESifo
Subject:	effective average tax rate \| timing and real options

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Extent:	application/pdf
Series:	CESifo Working Paper Series.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 723
Classification:	H25 - Business Taxes and Subsidies ; H32 - Firm
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005051534