. We characterize a class of environments in which the tax on labor goes to zero in the long run, while the tax on capital …

concepts to problems of allocating capital within an insurance company. The second is the identification and analysis of a …

. We characterize a class of environments in which the tax on labor goes to zero in the long run, while the tax on capital …

irreversible capital (Caballero, 1991). Further, firms revise their investment plans very little. They may do so in response to new …We estimate the effect of demand and price uncertainty on firms' investment decisions from a panel of manufacturing … investment, while price uncertainty is insignificant. This is consistent with the behavior of monopolistic firms with …