We argue that, in a simple setting, the relation between the intensity of competition and cost-reducing investment is U … show that, except for firms that are much less efficient than the competitor, investment in the subgame-perfect equilibrium … is minimal for intermediate levels of competition, which is inversely parameterized by the extent of product …

, endogenous entry and cumulative investments make positive effects of competition on investment more likely. Imperfect upstream … competition weakens the effects of competition on investment. …Using a general two-stage framework, this paper gives sufficient conditions for increasing competition to have negative …

We examine cost-reducing investment in vertically-related oligopolies, where firms may be vertically integrated or …. (ii) Vertical integration increases own investment and decreases competitor investment. (iii) Firms may integrate …

reasons that loose monetary policy targeting low interest rates will only be effective in promoting investment in a scenario … ineffective in fostering investment during the period 2008-2018. Therefore, monetary policy seems insufficient to promote … investment and growth. Both expansionary fiscal policy and legal reforms that control shareholder power are needed. …

We present a model of firm investment under uncertainty and partial irreversibility in which uncertainty is represented … impact the optimal investment and disinvestment policies, and how the presence of large negative jumps can drastically affect … negative effect of uncertainty on firm investment decisions. We test these predictions on a panel dataset of UK firms: we first …