that anticipate the actual tax base incorrectly. I analyze the effects of stochastic taxation on investment behavior in a … the effects of both tax base and tax rate uncertainty, the investment's tax payment is modelled as a stochastic process …. Increased tax uncertainty has an ambiguous impact on investment timing. The view that tax uncertainty depresses real investment …

similar investment subsidies were implemented in the same country, two years apart: once during a period of economic stability … offer an important policy opportunity to encourage investment …

shows that macroeconomic risk acts as an important deterrent to investments. …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 …

marginal fiscal recovery rate, i.e. the ratio of the change in total net fiscal revenues and the change in total subsidy costs … of the net fiscal revenue gain and the subsidy cost of a degree in tertiary education. Second, we use the sufficient …

domestic and foreign production of other goods. The optimal tax-subsidy scheme is based on an intuitive principle: Impose a …. Producers of renewables-based electricity should receive a subsidy to internalize their contribution to the reduction of global …

We estimate the effects of a large program of public investment subsidies granted to Italian firms in disadvantaged … in rank order until the funds were fully allocated. We estimate that subsidies increased investment by marginal firms … subsidy. Younger firms did better than older firms. Firms ranking high on objective criteria and firms preferred by local …