Narrow search
Showing 1 - 10 of 657
Cover Image
Investment size and firm's value under profit sharing regulation
Moretto, Michele; Panteghini, Paolo; Scarpa, Carlo - 2003
In this article we analyse the effects of different regulatory schemes (price cap and profit sharing) on a firm s investment of endogenous size. Using a real option approach in continuous time, we show that profit sharing does not affect a firm s start-up decision relative to a pure price cap...
Persistent link: https://www.econbiz.de/10011509471
Cover Image
Controlling product risks when consumers are heterogeneously overconfident : producer liability vs. minimum quality standard regulation
Baniak, Andrzejj; Grajzl, Peter - 2014
, we contrast producer liability and minimum quality standard regulation as alternative means of social control of product … relative desirability of strict liability vis-à-vis minimum quality standard regulation from a social welfare standpoint. We … also clarify when and why joint use of strict liability and minimum quality standard regulation welfare dominates the …
Persistent link: https://www.econbiz.de/10010413791
Cover Image
The effect of policy uncertainty on investment plans : evidence from the unexpected acceptance of a far-reaching referendum in Switzerland
Abberger, Klaus; Dibiasi, Andreas; Siegenthaler, Michael; … - 2016 - This version: May 2016
Does increased policy uncertainty dampen investment plans of firms? We provide direct evidence on this question by … induced policy uncertainty have revised their investment plans differently from those that did not perceive an increase in … uncertainty. We find strong evidence that an increase in policy uncertainty does lead firms to reduce their investment plans. As …
Persistent link: https://www.econbiz.de/10011472000
Cover Image
Explosive oil prices
Gronwald, Marc - 2013
This paper deals with three aspects of spectacular oil price episodes such as the one witnessed in 2008. First, the concept of temporary explosiveness is proposed as an empirical method for capturing this type of behavior. The application of a recently proposed recursive unit root test shows...
Persistent link: https://www.econbiz.de/10009786017
Cover Image
Working time and employment under uncertainty
Chen, Yu-Fu; Funke, Michael - 2002
impact of uncertainty and real options on the decision of working time, i.e. we examines the determinants of employment and …
Persistent link: https://www.econbiz.de/10011409991
Cover Image
Does the nominal exchange rate regime matter for investment?
Böhm, Hjalmar; Funke, Michael - 2001
This paper analyses the impact of exchange rate uncertainty upon the pattern of investment in different exchange rate …
Persistent link: https://www.econbiz.de/10011400788
Cover Image
Irreversible investments and regulatory risk
Panteghini, Paolo; Scarpa, Carlo - 2003
This paper addresses the issue of how regulatory constraints affect firm s investment choices when the firm has an option to delay investment. The RPI-x rule is compared to a profit sharing rule, which increases the x factor in case profits go beyond a given level. It is shown that a pure price...
Persistent link: https://www.econbiz.de/10011507879
Cover Image
Investment effects of wealth taxes under uncertainty and irreversibility
Niemann, Rainer; Sureth, Caren - 2015
taxes on investment timing under uncertainty and irreversibility and the propensity to carry out risky projects. Using a …
Persistent link: https://www.econbiz.de/10011387385
Cover Image
Incentives to (irreversible) investments under different regulatory regimes
Scarpa, Carlo; Panteghini, Paolo - 2001
This paper addresses the issue of how regulatory constraints affect firm's investment choices when the firm has the option to delay investment. The RPI-x rule is compared to a profit sharing rule, which increases the x factor in case profits go beyond a given level. It is shown that these rules...
Persistent link: https://www.econbiz.de/10011397941
Cover Image
Global warming and extreme events : rethinking the timing and intensity of environmental policy
Chen, Yu-Fu; Funke, Michael - 2010
The possibility of low-probability extreme events has reignited the debate over the optimal intensity and timing of climate policy. In this paper we therefore contribute to the literature by assessing the implications of low-probability extreme events on environmental policy in a continuous-time...
Persistent link: https://www.econbiz.de/10003994530