total investment. We also evaluate the reduction in the firm’s value due to profit sharing, linking this reduction to the …In this article we analyse the effects of different regulatory schemes (price cap and profit sharing) on a firm’s … investment of endogenous size. Using a real option approach in continuous time, we show that profit sharing does not affect a …

In this paper, we study a firm’s optimal lobby behavior and its effect on investment in pollution abatement capital. We … rates over an optimal time period. We show that lobby expenditure crowds out investment in abatement capital and that this … of the tax reduces the firm’s incentive to lobby, uncertainty about the timing of the new tax increases it. …

the impact of concession length and investment timing flexibility on the “concession value”. It is generally argued that …. Moreover, the real option theory suggests that investment flexibility has an intrinsic value, as it allows concessionaires to … investment timing flexibility, should always result in higher concession values. Our result suggests that this is not always the …

firms ensuring rewards to inventors, while their legal boundaries limit idea leakage. As firms limit idea circulation, the … innovative environment involves a symbiotic interaction: firms incubate ideas and allow employees to leave if they cannot find an … even developed in both firms and markets. …

In the literature investigating the impact of uncertainty on short-run and long-run investment, most authors have used … general ones and has the advantage of providing closed form solutions for both short-run investment rule and long-run rate of …

might and should be interpreted as a public component of an investment which implies private and public benefits entangled … works is not sufficient as an incentive to increase its investment in social capital, because this investment strictly … exist between market and non-market dynamics relating to firms, the role for policy actions targeted to social capital is …

differentiated products. Destinations (i.e., countries, regions, sites or even firms) can invest in order to improve their carrying …

In many cases consumers cannot observe firms’ investment in quality or safety, but have only beliefs on the average … quality of the industry. In addition, the outcome of the collective investment game of the firms may be stochastic since firms … how firms’ overall level of investment in quality depends upon the parameters of the quality accumulation process, the …