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

firm's opportunistic behaviour on the optimal investment timing. In the presence of uncertainty on construction costs, we …This paper considers the supplier's strategic delivery lead time in a public procurement setting as the result of the … penalty enforcement by the courts of law. -- Strategic Time Overruns ; Public Procurement ; Real Options …

optimal size and (optimal) investment timing. The effect of uncertainty is in line with the literature, showing increasing … associated with the Smart Grid (SG) term. In this context, efficiency and flexibility of power systems are expected to increase …

Coordinating the timing and location of new production facilities is one of the challenges of liberalized power sectors …

under uncertainty about the value of environmental services and irreversible development. We study land conversion under … 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 …