. This Paper analyses the investment incentives of such agents and the role of incumbency advantages in the contest …. Depending on the advantages, an increase in the productivity of the investment can decrease or increase the amount of investment …. The results are applied to autocrats' investment behaviour and job specific investment in organizations. …

dramatically affect the way in which an increase in workers' bargaining power affects (under)investment. Without loss of generality …

capacity and lumpy investment/disinvestment. We use our model to answer two questions. First, what economic factors facilitate … investment sunkness, and high depreciation promote preemption races. We also show that low product differentiation and low … investment sunkness promote capacity coordination. Although depreciation removes capacity, it may impede capacity coordination …

performance through its impact on investment incentives. For this purpose, we study a two-stage game in which firms choose their … investment incentives at the margin are poorer; indeed, under reasonable assumptions on the shape of the demand distribution, the … discriminatory auction induces (weakly) stronger investment incentives than the uniform-price format. …

the US. Their work suggests private sector expenditure (investment) on intangibles is about 13% (11%) of US GDP 1998 …-2000, with intangible investment about equal to tangible capital investment. Our work, using a similar method, suggests the UK … private sector spent, in 2004, about £127bn on intangibles, which is about 11% of UK GDP. The implied investment figure is …

investment over the period 1970--89 for Germany, Japan, the United Kingdom and the United States and second, to challenge some …

in investment. This paper offers an argument and a formal model to suggest that exports in East Asia may have been driven … by an increase in the profitability of investment, with outward orientation a consequence of the investment boom rather … than its instigator. In economies like South Korea and Taiwan, an increase in investment required an increase in imports of …

-ante returns on investment. …