-led growth in this paper. The inherent tension between providing sufficient profit incentive to motivate investment by the …

This paper develops a model incorporating costly disinvestment and estimates the associated commitment premium required …

This paper develops an agent-based real options model, which is capable of analyzing the investment and disinvestment … the model in which the firms can trade permits with each other according to their investment or disinvestment behavior for …

We develop a model of investment with financial constraints and use it to investigate the relation between investment … between q and investment, relative to the frictionless benchmark. We present a calibrated version of the model, which, due to … this effect, generates realistic correlations between investment, q, and cash flow. …