intermediate good in-house and outsourcing it to a nonunionised foreign supplier that makes a relationship-specific investment in …

The main objective of the present paper is to estimate the extent to which firm investment is substituted (crowded …-out) by investment support policies granted under the EU Rural Development Programme (RDP). In the empirical analyses we …

quantitatively how well such currencies can support bilateral trade. The challenge for cryptocurrencies is to overcome double …-spending by relying on competition to update the blockchain (costly mining) and by delaying settlement. We estimate that the …

This paper investigates the role played by deregulation on firms’ investment decisions in infrastructure sectors. The … entry, public ownership, vertical unbundling and the existence of an independent regulator with firm level investment … behaviour. We find that the impact of regulation on investment is both sector and firm specific. A reduction in the degree of …

firms in making their investment decisions. We use a revealed preference approach that relies on the pattern of investment … spending - combined with investment theory - to estimate the discount rates used by managers. The standard story predicts that … firms with high stock prices and good investment opportunities should have discount rates that do not differ systematically …

We study whether, how, and why the investment of a firm depends on the investment of other firms in the same product … complementarity of investment among product market peers, holding across a large majority of sectors. Peer effects are stronger in … information. Product market peer effects in investment could amplify shocks in production networks …

US exports in 2007. Despite their disproportionate share of global trade, MNEs' input sourcing and final-good production … decisions are often studied separately. Using newly merged data on firms' trade and FDI activity by country, we show that US … sourcing locations, and leads to non-monotonic responses in third markets to bilateral trade cost changes …