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This paper addresses the question if there are differences between time patterns in the volatility of investment across … determining investment volatility than the macroeconomic environment. … different industrial sectors. A competitive partial-equilibrium model with quadratic adjustment costs in investment and a GARCH …
Persistent link: https://www.econbiz.de/10005561184
Investment decision-making is modeled by means of a Kohonen neural net, where neurons represent firms. This is done in …
Persistent link: https://www.econbiz.de/10005076670
This paper analyzes a model of investment with fixed investment costs and capital market imperfections. In this model … finance influences the level of capital firms hold, as well as the frequency at which they invest. In consequence investment …, when the short-run investment function is estimated, liquidity has a significant impact, which is also strongest for strong …
Persistent link: https://www.econbiz.de/10005076705
has an additional impact on the option value of delaying investment. The standard NPV rule in real options theory …Limited liability debt financing of irreversible investments can affect investment timing through an entrepreneur … entrepreneur's unique investment opportunity, and it is shown in a standard model of irreversible investment that includes the …
Persistent link: https://www.econbiz.de/10005076954
infringements. It gives promises for both solving fundamental problems of economic theory and creation of new directions and fields …
Persistent link: https://www.econbiz.de/10005124942
investment problems have been formulated. …
Persistent link: https://www.econbiz.de/10005124993
This paper studies whether and how capital investment and economic freedom jointly endogenize economic growth. The … the crucial role of both domestic and foreign capital investment and economic freedom for rapid growth. Countries that … improve economic freedom and that bolster capital investment tend to experience faster growth. The domestic investment rate …
Persistent link: https://www.econbiz.de/10005125031
- income countries for the period 1980-2002 and then project investment needs in these sectors until 2010. Our projections …
Persistent link: https://www.econbiz.de/10005125863
sector this paper shows that investment incentives may vary depending on the applied auction scheme. The model is designed as … a two stage game, where the franchisee decides about investment on the first and competes with a potential market … entrant on the second stage. Investment tends to be higher in sealed bid auctions than in an English auction, since the …
Persistent link: https://www.econbiz.de/10005125890
A revolution in economics. Is it possible? Is its concept a transition from ideal to real economics? The way to the transition may be a new aspect of uncertainty. Problems, which can be solved, research fields, which can be augmented or created, and fields of applications in practical economy...
Persistent link: https://www.econbiz.de/10005126070