Showing 1 - 10 of 148
Persistent link: https://www.econbiz.de/10009691736
This paper studies R&D investment decisions of a firm facing the threat of new technology entry and subject to …
Persistent link: https://www.econbiz.de/10002576613
Persistent link: https://www.econbiz.de/10011643250
This paper explores some cooperative aspects of investments in uncertain, real options. Key production factors are assumed transferable. They may reflect property or user rights. Emission of pollutants and harvest of renewable resources are cases in point. Of particular interest are alternative...
Persistent link: https://www.econbiz.de/10011401340
In this paper we offer an analysis of the effects of uncertainty about future tax policy on irreversible investment …. The main message of the paper is that investment is not much affected by the degreee of tax policy uncertainty. This is … that reducing tax policy uncertainty is probably no magic bullet to increase private investment spending …
Persistent link: https://www.econbiz.de/10009781588
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. …
Persistent link: https://www.econbiz.de/10012120240
investment is larger than half of relative risk aversion. Another important consequence of parametric uncertainty is that the … risk premium is not proportional to the beta of the investment. We apply these general results to the case of an uncertain …
Persistent link: https://www.econbiz.de/10009689360
This survey features three parts. The first one covers the recent literature on domestic (i.e., country-specific) uncertainty and offers ten main takeaways. The second part reviews contributions on the fast-growing strand of the literature focusing on the macroeconomic effects of uncertainty...
Persistent link: https://www.econbiz.de/10012119543
Persistent link: https://www.econbiz.de/10003330210
In a continuous-time framework we study the technology and investment choice problem of a continuous co … flexible technology allowing for such option. Investment is irreversible and flexibility is costly. The problem is solved … determining in the light of future prospects the optimal revision and then playing backward fixing the investment timing rule …
Persistent link: https://www.econbiz.de/10003872196