how capital tax uncertainty affects investment timing. However, it is well known that both uncertainty and capital tax may …Tax uncertainty is often claimed to be harmful for investments. Capital taxes, such as property and wealth taxes, are … particularly exposed to tax uncertainty. Capital tax uncertainty emerges from expected tax reforms, the unclear outcome of future …

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. …

Sinnzusammenhänge sein. Obgleich in der Planungspraxis der Faktor Zeit noch vorwiegend ignoriert wird, experimentieren einige Ausnahmen …, considering processes as a function of time can be a key to understanding these complex contexts. Although in the planning … practice the factor time is still largely ignored, some exceptions such as Rapid Planning or Slow Urbanism experiment with it …

The purpose of this paper is to analyze the influence of uncertainty on the value of real options while allowing for a … uncertainty does not hold, if the value of the underlying asset changes due to a Variation of the Standard deviation. Only if the … uncertainty can be retained. In all other cases, the influence becomes ambiguous. In addition, we discuss the consequences of our …

The real options tradition originally predicted a decreasing relationship between uncertainty and investment, through … the positive effect of higher uncertainty on the trigger level for revenue relative to costs. An opposing effect on the …

not precise about its timing. A model of waiting and growth options seizes the importance of flexibility to FDI decisions … and centers the impact of uncertainty. The results of a panel study using aggregates of 5379 German entries to 22 … countries suggest that uncertainty has a U-shaped influence on the probability of entry and a negative effect on the amount of …

opportunities. If investors can react to uncertainty the degree of irreversibility and timing flexibility inherent in the available …

adoption decision of particular technologies under uncertainty. These technologies are coal-fired power plants, biomassfired …

This paper examines the effect of competition on the irreversible investment decisions under uncertainty as a …