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Agency cost of debt and credit market imperfections : a bargaining approach
Koskela, Erkki; Stenbacka, Rune - In: Bulletin of economic research 56 (2004) 4, pp. 365-377
Persistent link: https://www.econbiz.de/10002345958
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Agency cost of debt and lending market competition : is there a relationship?
Koskela, Erkki; Stenbacka, Rune - 2000
investment return distributions which are shifted towards lower, but less risky returns. Consequently, it follows that increased …
Persistent link: https://www.econbiz.de/10001476530
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Agency cost of debt and lending market competition : a re-examination
Koskela, Erkki; Stenbacka, Rune - 2000
Persistent link: https://www.econbiz.de/10001515774
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Equilibrium unemployment and investment under product and labour market imperfections
Kauppi, Heikki; Koskela, Erkki; Stunebacka, Rune - 2004
Persistent link: https://www.econbiz.de/10002111157
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Optimal factor taxation under wage bargaining : a dynamic perspective
Koskela, Erkki; Thadden, Leopold von - In: German economic review 9 (2008) 2, pp. 135-159
Persistent link: https://www.econbiz.de/10003696473
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Stability and dynamics in an overlapping generations economy under flexible wage negotiation and capital accumulation
Koskela, Erkki (contributor); Puhakka, Mikko (contributor) - 2006
Persistent link: https://www.econbiz.de/10003395376
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Optimal factor taxation under wage bargaining : a dynamic perspective
Koskela, Erkki; Thadden, Leopold von - 2002
We consider the issue of steady-state optimal factor taxation in a Ramsey-type dynamic general equilibrium setting with two distinct distortions: i) taxes on capital and labour are the only available tax instruments for raising revenues, and ii) labour markets are subject to a static...
Persistent link: https://www.econbiz.de/10011431853
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Progressive taxation, tax exemption, and irreversible investment under uncertainty
Alvarez, Luis H. R.; Koskela, Erkki - In: Journal of public economic theory 10 (2008) 1, pp. 149-169
Persistent link: https://www.econbiz.de/10003654367
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Stability and dynamics in an overlapping generations economy with flexible wage negotiations
Koskela, Erkki (contributor); Puhakka, Mikko (contributor) - 2007
We analyze the stability and dynamics of an overlapping generations model with imperfectly competitive labour markets. By focusing on the right-to-manage wage bargaining we assume that wage is negotiated after the capital stock decision. With Cobb-Douglas utility and production functions the...
Persistent link: https://www.econbiz.de/10003656886
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Irreversible investment under interest rate variability : new results
Alvarez, Luis H. R.; Koskela, Erkki - 2002
The current extensive literature on irreversible investment decisions makes the assumption of constant interest rate … investment project. Given the generality of the considered valuation problem, we first provide a thorough mathematical … interest rate variability may have a profound decelerating or accelerating impact on investment demand depending on whether the …
Persistent link: https://www.econbiz.de/10011408807