This paper analyzes the impact of public investment on the dynamics of private capital formation in an intertemporal … capital good, subject to congestion. We show how in the presence of congestion the effect of government investment on private …

We analyze within a dynamic model how firms decide on capital investment if the accompanying adjustment costs are a … and investment ratio are both constant, carry out comparative dynamic analysis and discuss the model's policy implications. …

The macroeconomic implications of firms' lumpy investment behavior are subject to ongoing research. Lumpy investment … periods, thereby reducing the frequency of investment activities. Using a dynamic stochastic general equilibrium model with … compute firms' optimal decisions on investment, utilization and labor demand. Compared to the constant utilization model, the …

capitalization, exploration investment and discoveries. To explain and quantify these four effects, we use an analytical model of … investment in exploration capital with intertemporal adjustment costs, depletion of reserves and market capitalization, and …

on the form of dynamic bottleneck congestion à la Vickrey (1969), where trip scheduling is the key behavioural margin … in cases where it fails to exist under bottleneck congestion (notably when the value of schedule late exceeds the value …