heterogeneity into account. A moderate minimumefficiency standard increases demand for efficiency-enhancing household capital goods … a fixed supply of efficiency-enhancing capital, it is shown that minimum-efficiency standards increase equilibrium … induces investing households to expend more for household capital and less for energy. The wedge between the induced …

nondegenerate dynamics within an immortal small open economy, facing perfect capital mobility and no adjustment costs associated … with capital accumulation, and having a fixed discount rate. The transient dynamics are obtained since fertility, which … capital formation permanently, and an increase in government spending, which alters fertility and capital stock temporarily. …

Recent developments in investment research have highlighted the importance of non-convexities and irreversibilities in … the firms' adjustment of quasi-fixed inputs. However, aggregation across capital goods may smooth out the discontinuities … strongly relied on the assumption of capital homogeneity. In this paper we exploit a new data set of 1539 Italian firms which …

This paper analyzes the effects of a land rent tax on capital formation and foreign investment in a life-cycle small … taxation critically depend on how the tax proceeds are used by the government. A land tax depresses capital formation, crowds … out foreign investment and pulls up national wealth and consumption when consumers are lump-sum compensated for the tax …

's investment of endogenous size. Using a real option approach in continuous time, we show that profit sharing does not affect a … total investment. We also evaluate the reduction in the firm's value due to profit sharing, linking this reduction to the …