In this paper, we extend the usual models of irreversible investment under uncertainty by introducing the stock of … public capital as an input for the private sector. Public investment takes place in a stochastic environment. Public capital … equilibrium analysis, as it is standard in models of irreversible investment under uncertainty. Even under uncertainty, the …

estate investment opportunity in comparison with the investment timing strategy obtained by relying on the traditional … continuous real option model. We characterize both optimal investment rules explicitly and show that the continuous model may … continuous time models leads to smaller and suboptimal amount of investment. Our numerical illustrations also indicate that this …

should have control over the financial and economic pricing techniques. The E&P firm holds the investment opportunity to … develop a delineated oilfield. The oilfield development investment plan shall be presented to NPA until a specific date or the … of scale to exploit the oilfield, with different investment costs. The investment opportunity is analogous to an American …

Using a newly constructed panel dataset of German enterprises, I estimate R&D and capital investment equations for the … time period from 1990 to 1994. Simple accelerator specifications indicate considerable sensitivity of R&D and investment to … account, but a significant positive relationship between cash flow and investment remains for relatively small firms. In the …

properties of the equilibrium investment behavior. The bilateral external benefits induce an investment multiplier effect. This … how it interacts with other important factors such as the costs of investment and the signaling incentives induced by …