We study the effects of aggregate and idiosyncratic uncertainty on the entry of firms, total investment, and prices in … a competitive industry with irreversible investment. We first use standard dynamic programming methods to determine …

investment tax incentives. However, this debate often suffers from a lack of clear information on the extent of such incentives … picture of the variation in state investment tax incentives across states and over time. In particular, we document three … stylized facts: (1) Over the last 40 years, state investment tax incentives have become increasingly large and increasingly …

The 90s have witnessed a revival in economists' interest and hope of explaining" aggregate and microeconomic investment … of the investment problem also has been significant. " The concept of sunk costs is at the center of modern theories. The … implications of these costs for" investment go well beyond the neoclassical response to the irreversible-technological friction …

Despite their solid theoretical basis, models of business investment based on Tobin's Q theory have recorded a …'s technology is expanded to include two or more capital inputs, the investment equation following from maximizing behavior includes …

In his Fisher-Schultz Lecture, Martin Feldstein examined the effects of non-neutral tax rules on business investment by … existing U.S. tax rules, substantially discouraged investment in the past 15 years." In a detailed examination of Feldstein … with the relatively robust levels of net investment between 1965 and 1981 actually shown in the newly benchmarked National …