. 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 …

A bilateral trading model with investment is considered. In a "cooperative" investment version of the model, the seller …'s investment stochastically determines the buyer's valuation of the good. The value and cost of the good are realized only after … the investment is made, and the investment level and the realization of the good's value and cost are private information …

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 …

The paper studies agents' investment decisions between general and specific investments under different ownership … unrelated) agents mainly through indirect market linkages. The paper demonstrates that "excess competition among investors," in … competition, in every equilibrium, inefficient investments will result, unless some special ownership arrangement is made. The …

We investigate how product market competition jointly affects specific corporate investment and financing behavior … product market competition are analyzed. The evidence shows that product market competition does affect both investment and … sell off assets and/or investments. The first three actions are financing decisions while the last two are investment …