design an experiment to study whether such commodity transfers can be viewed as investments based on trust and reciprocity …, or whether they rather resemble presents with distributional intentions. Our experiment essentially modifies Berg et al ….’s investment game by introducing an upper bound to what a contributor can be repaid afterwards. By varying this upper bound …

contracting is infeasible. One example is the study by Berg et al. (1995) of the investment game. In this game the person who … receives the investment is the one who may reward the investor. This is a direct reward game. Similar to Dufwenberg et al … investor may only be rewarded by a third person who did not receive his investment. Furthermore we investigate the influence of …

This book presents an up-to-date overview of the theory as well as the empirics of the relationship between investment …, the authors discuss both traditional investment models with uncertainty and the more modern option based models. They … present an overview of empirical results of the modelling of investment under uncertainty. In these examples, the effects of …

This book provides coherent theoretical and empirical analysis of firms' investment and financing decisions. It … results confirm theoretical precedents. Some firms are indeed financially constrained, for fixed investment as well as for R … firms to adopt a 'wait and see' strategy which eventually reduces investment, especially for irreversible investment …