, endogenous entry and cumulative investments make positive effects of competition on investment more likely. Imperfect upstream … competition weakens the effects of competition on investment. …Using a general two-stage framework, this paper gives sufficient conditions for increasing competition to have negative …

The paper studies the impact of market integration on investment incentives in non-competitive industries. It … distinguishes between investment in transportation and production cost-reducing technologies. Each domestic firm is controlled by a … investment in cost-reducing technology compared to autarky. This is in contrast with the systematic underinvestment problem …

; corporate governance; market structures and competition; and financial constraints. We conclude that private ownership and …

We model educational investment, wages and employment status (full-time, part-time or non-participation) in a … the degree to which there might be under-employment and distortions in human capital investment, and we then show how …

We develop a model that examines the capital structure and investment decisions of regulated firms in a setting that …

Credit constraints are more frequent among growth companies with large investment opportunities. For the same reason … investment opportunities to a larger extent. (ii) Taxes which are neutral in a neoclassical world, still restrict expansion … investment of constrained firms by reducing free cash-flow and thereby discourage innovation. (iii) A revenue neutral increase in …