In this paper we apply a real-option model to study the effects of tax rate uncertainty on a firm's decisions. In doing … mitigate the effect of tax rate uncertainty on investment timing. -- Capital Levy ; Corporate Taxation ; Default Risk ; Real …

small sized oil fields are more sensitive to changes in the uncertainty factors than the large and medium sized oil fields …. Furthermore, among the uncertainty factors considered in the model, the investment risk of overseas oil investment may be …

This paper examines the effect of competition on the irreversible investment decisions under uncertainty as a …

under uncertainty about the value of environmental services and irreversible development. We study land conversion under … competition on the market for agricultural products when voluntary and mandatory measures are combined by the Government to induce … adequate participation in a conservation plan. We analytically determine the impact of uncertainty and optimal policy …

a "real option" framework, where the value of the right to use the resource is affected by: 1) uncertainty on the future …

We show how real and financial frictions amplify the impact of uncertainty shocks. We build a model with real frictions …, and find adding financial frictions roughly doubles the impact of uncertainty shocks. Higher uncertainty alongside … for uncertainty exploiting differential firm exposure to exchange rate and price volatility. These results highlight why …

with the highest potential payoff. Finally, we examine the role that eligibility rules and the degree of competition can …