growth of promising young firms. A model of liquidity-constrained entrepreneurs suggests that the easing of credit … constraints can induce more entry of firms with greater long-run growth potential than the easing of conventional entry barriers … firms, which enter at larger size, survive longer, and grow faster. These firm dynamics are more pronounced in areas with …

The paper studies the interaction between cyclical uncertainty and investment in a stochastic real option framework … of the link between cyclical uncertainty and investment is quantified using simulations of the model. The chief …

's investment of endogenous size. Using a real option approach in continuous time, we show that profit sharing does not affect a … total investment. We also evaluate the reduction in the firm's value due to profit sharing, linking this reduction to the …

steel, the trade flows result more from short-term regional disequilibria between supply and demand than from international … competition. This paper formalizes this empirical observation and characterizes its impact on leakage. Domestic firms invest in …