short-termism. We show that when managerial ability has a multiplicative impact on revenue then the first best investment …

We develop a model that examines the capital structure and investment decisions of regulated firms in a setting that …

us to reject this view. In fact, a net capital inflow made possible to meet the demand for investment boosting economic …

This Paper documents four basic facts about investment goods and investment prices. First, investment has a very …, and transportation) are much less important for investment than for consumption. Third, the import content of investment …

When new technologies become available, it is not only essential that firms have the correct investment incentives, but … often also that consumers make the proper usage decisions. This paper studies investment and usage in a shared ATM network …. Because all banks coordinate their ATM investment decisions, there is no strategic but only a pure cost-saving incentive to …

the provision of long-term finance. This approach suggests that the separation between the analysis of investment and that …

incentives for investment in rolling stock, following the privatization of British Rail. Theoretical predictions are tested … incentives for delayed investment. Investing just before the end of the franchise enhances the incumbent’s probability of having …