investment using a tax cut or an investment subsidy as an incentive. The literature generally suggests the use of an investment …

In the literature investigating the impact of uncertainty on short-run and long-run investment, most authors have used … general one and has the advantage of providing closed form solutions for both short-run investment rule and long-run rate of … demand function with additive shocks. Under this assumption, analytical solutions, for both short-run investment rule and …

In a continuous-time framework we study the technology and investment choice problem of a continuous co … flexible technology allowing for such option. Investment is irreversible and flexibility is costly. The problem is solved … determining in the light of future prospects the optimal revision and then playing backward fixing the investment timing rule …

A multinational corporation engages in foreign direct investment for the extraction of a natural resource in a … developing country. The corporation bears the initial investment and earns as a return a share of the profits. The host country … provides access and guarantees conditions of operation. Since the investment is totally sunk, the corporation must account in …