We provide a generalization of Harsanyi (1995)'s aggregation theorem to the case of incomplete preferences at the … aggregation rules that are utilitarian in a generalized sense. Strengthening Pareto indifference to Pareto preference provides a …

, gas, and renewable power plants). It finds that optimal investment in renewable energy may start before coal power has … been phased out and even before investment in gas has started, because doing so allows for smoothing investment over time … and reduces adjustment costs. Gas plants may be used to reduce short-term investment in renewable power and associated …

represented by the decrease in entropy of his beliefs, regardless of his preferences, initial wealth, or investment problem. We …

sector to study the impact of investment subsidies on equilibrium investment and output. Energy and capital are assumed to be …We develop a general equilibrium vintage capital model with energy-saving technological progress and an explicit energy … complementary in the production process. New machines are less energy consuming and scrapping is endogenous. Two polar market …

contractual relationships that link exports from Sub-Saharan Africa to China and investment by Chinese firms in Sub-Saharan Africa … combine trade, aid and investment, which may create 'lock-in' effects. China's trade and investment focus on the commodities …, especially in oil-exporting countries. Chinese investment, however, increasingly involves other sectors, such as the …

This paper studies how credit rationing affects endogenous growth when capital and debt are related to the firm …´s internal net worth, taken as collateral. The accumulation of firm´s net worth determines the growth rate of capital and the … adjustment costs on investment. …

Complicated neoclassical models predict that if investment is sensitive to current financial performance, this is a …, refers to the principle of "growth of the fitter" to explain investment-cash flow sensitivities as the workings of a healthy …

This paper presents a comparable set of results on the monetary transmission channels on firm investment (the interest … those countries,investment relationships are estimated explaining investment by its user cost, sales and cash flow.A first … result is that investment is sensitive to user cost changes in all those four countries. Thisimplies an operative interest …

In this paper we present comparable results on the determinants of firms' investment and their link to monetary policy …

This paper provides the explicit expression of investment facing a binding debt ceiling and the explicit expression of … of the parameterizations of these Lagrange multipliers used in Euler investment equations tests during the 1990's. …