competition a¤ects the industrial dynamics of investment, concentration, and expected returns. When firms have similar production …

question, the evidence suggests uncertainty is damaging for short-run investment and hiring, but there is some evidence it may …

This paper investigates the relationship between infation uncertainty and investment using a panel of loan-level data … investment. Moreover, there is a shift in the composition of investment away from fixed assets and towards working capital - the … more flexible factor of production - and fixed asset investment exhibits periods of inaction consistent with real option …