prices versus tradable quantities in terms of expected welfare, given uncertainty, optimal policy and endogenous cost … significant impact. Finally, either regulatory instrument may induce the highest technology investment levels. …

The paper studies the interaction between cyclical uncertainty and investment in a stochastic real option framework … of the link between cyclical uncertainty and investment is quantified using simulations of the model. The chief … shows that macroeconomic risk acts as an important deterrent to investments. …

In this paper we offer an analysis of the effects of uncertainty about future tax policy on irreversible investment …. The main message of the paper is that investment is not much affected by the degreee of tax policy uncertainty. This is … that reducing tax policy uncertainty is probably no magic bullet to increase private investment spending …

This paper analyses the impact of exchange rate uncertainty upon the pattern of investment in different exchange rate … exchange rate regimes indicates that currency volatility exerts only a small influence upon the level of investment spending …

This paper presents a dynamic model of risk-averse producers’ decision to invest in physical capital and to export. The … model features irreversible investment, no capital markets and fixed and sunk costs to export. Several features of the … distribution of investment rates and export participation patterns observed in firm-level data are closely matched in a calibration …

greater degree of price leadership of the dominant market when our measures (as opposed to the traditional price discovery … metrics) are used. We also present unambiguous evidence that a market’s contribution to price discovery is crucially affected … about the possible restructuring of the regulatory framework for the Treasury bond market in Europe. …

, but the relative contribution of the two types of market turns out to be highly unstable, especially for the most deferred …

We demonstrate that the choice of the transfer price and its effect on intra-firm trade and investment depends on the …

general equilibrium effects operating through the international capital market affect this Green Paradox. In a two-region, two …-period world with identical homothetic preferences and without investment, the global interest rate falls and the Green Paradox … weakens. With investment or a relatively more impatient oil-importing region, the Green Paradox may be strengthened because …