investment (deposits), acquisition of bank ownership, and young-age consumption. At old age, consumers sell bank ownership and … crowding-out effect on real investment, the magnitude of which is amplified with higher endowment growth rate and real … investment return. Finally, we conduct a welfare analysis of the investment crowding-out effect …

investment is to boost efficiencies and thereby shape the nature of competition in a market. The second type will have little …Endogenous sunk-cost investments are optional fixed investment or capita, that a firm can choose to impact either upon … degree of competition in an industry mainly through forestalling entry and thereby limiting future competition in the …