investment decisions concerning transport cost reduction and product differentiation are analyzed in a heterogenous product … after an exogenous reduction of transport cost. We also compare social and privat investment incentives for both price … these results we discuss in detail how investment decisions are likely to differ from the efficient solution for each of the …

Transportkosten für Agrargüter, räumliche Überschwappeffekte, die Existenz von nicht handelbaren Dienstleistungen und eine … ist, je höher die Transportkosten für Agrargüter sind, je mehr positive Spillovers zwischen den Regionen vorhanden sind …

effect of the investment decision on transport costs biases empirical results. The empirical estimations rely on newly … the endogeneity of the investment decision. Our results confirm that transport prices are influenced by both the distance …

?s Investment Tests (IT) during the years 1988-1998, we create a panel with information on investment, innovation activity and … financing conditions. Financial constraints affect the distribution of investment over time in a fundamental way. Following a … on Schworm?s (1980) model of optimal investment under financial constraints, we use it to test the empirical content of …

This study examines the consequences of loan denials for the investment performance of small and medium-sized German … investment than non-innovative companies. The non-randomness of loan denials is controlled for with a selection equation …

set on innovation for a large number of Italian firms over the 1990's. There is evidence that banking development affects … the probability of process innovation, particularly for small firms and for firms in high(er) tech sectors and in sectors … more dependent upon external finance. The evidence for product innovation is weaker. There is also some evidence that …

or positive effects on R&D-investment, respectively. Both possibilities arise in plausible situations, even if one uses … on investment more likely. Extending the basic framework, the paper shows that separation of ownership and control …, endogenous entry and cumulative investments make positive effects of competition on investment more likely. Imperfect upstream …