'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 …

investment. Section 5 employs a latent class cluster analysis to establish a taxonomy of start-up growth profiles, characterised …

greater are pro-consumer supervisors' incentives. This prediction is consistent with evidence based on US electric power …

This paper studies countries' incentives to develop advanced pollution abatement technology when technology may … implementation of new technologies. We show that at the Nash equilibrium of a simultaneous-move game with R&D investment and emission … abatement, whether the free rider effect prevails and under-investment and excess emissions occur depends on the degree of …