. We adopt a three-stage profit-optimized investment model, with a (regulated) monopoly network and two asymmetrical …This paper provides a formal analysis on the investment coordination problem in a vertically separated electricity … supply industry, although the analysis may apply also to other network industries. In an electric- ity system, the investment …

investment at the micro level. What is not clear is whether and how property rights protection affects a firm's allocation of … investment across industries for a given size of investment. In this paper, using a survey data set of private enterprises in … several possible channels through which property rights protection may affect the allocation of investment across industries …

show that if negotiations after the investment stage require transaction costs to be paid, then ownership matters even when …

they can invest to reduce such a risk. When investment is contractible dual sourcing is generally optimal because it … an incentive device in inducing investment. …

levels of investment in discovering stars than was (or is) achievable under alternate regimes (such as today’s film … integration into exhibition through ownership of theater chains. The investment involved the experimental casting of novice actors … and conducting several different sets of tests, we find evidence of higher levels of investment in actors working under …