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 … then increases the productivity of private capital which is assumed to be fully irreversible. In our model, the government …

green startups of other investors and ii) investment provision by public institutions affect the willingness of investors to … investors and public investment in green startups. However, in both cases, investors reduce their investments in green startups … green startups by others and due to a crowding out of private investment by investments of public institutions. …

are more likely to enter foreign markets by means of foreign direct investment. We combine detailed proprietary bank …